Cyclone Power Technologies stock up-listed to OTCQB
Cyclone's shares began trading on the OTCQB on Friday, November 18, 2011, under the same ticker symbol "CYPW."
The last time this reporter wrote about Cyclone Power technologies, the company had reported on its 3rd quarter results. Read Cyclone Power Technologies announces financial results for Third Quarter 2011 . Furthermore, the stock symbol was still listed on the pink sheets. So, this latest up-grade is a significant event for the stock.
Christopher Nelson, Cyclone's President, commented: "This is significant milestone in our company's evolution - one that has taken a considerable investment of time and resources to achieve. Our shareholders should see this as a reflection of management's commitment to the growth, and confidence in the future, of Cyclone. We're working hard to build investor trust and broaden our market visibility, which are steps we believe will lead to increased financial and business opportunities for Cyclone."
The OTCQB, part of the OTC Markets Group, is available to companies that report to the Securities Exchange Commission and remain current with all required disclosure filings.
You may visit OTC Markets at www.otcmarkets.com/stock/CYPW/quote for real time market information.
Stock Chart Needs News
Nothing has really changed much for the stock, except this news, but it indeed important news in a step towards a higher-grade of equity listing. On a day where the general market is tanking, CYPW opened a bit lower this morning but shot up as the news was accepted as positive. Question is, will it hold?
Regarding the price dynamics, Cyclone Power is still not an expensive stock by any stretch. In fact, it is still regarded as a penny stock. However, CYPW is trading just above its 50-week moving average which is above the 150-week or 3-year moving average; and that’s bullish by definition.
One question I keep asking is this: Is the technology sufficiently viable to garner attention by any larger investment funds? Many funds, for example, will not touch a stock less than $15; and some at $8. And that’s what’s needed to propel this stock to greater heights.
Every company stock needs catalysts to propel it to higher levels. Catalysts, as I have written before, come in all shapes and sizes. The greatest catalyst right now for CYPW is the attention by the military and the utility companies.
Another catalyst is the run for the land speed record. That is why this reporter has been watching for that news. It was cancelled at Bonneville, and the development was transferred to the NASA runway where the run might still occur.
Point is, the stock requires the technology and its potential to become better known than what it is right now. Looking back over 2011, one can see tremendous gains in tech acceptance, though, especially by the military. Most notable was the statement by Raytheon that Cyclone Power’s engine is “a game changer.”
Another question is, is this a budding technology that will one day operate on prime time? In other words, will it ever make it past waste-fuel generators and actually drive an automobile?
Now, whether this technology ever makes it into a car is anyone’s guess, but this reporter would place it into a Chevy Volt to replace that inefficient generator motor. Then the car would be greener than it is right now, even capable of running on nat-gas and /or waste fuel. Think about the image that would derive.
While automakers can’t even decide on natural gas as a propulsion fuel, yet suck up to government pandering with costly electrification, here is a viable technology that deserves attention. The technology is indeed viable, so says the Army and Raytheon; and the opportunity to invest is certainly cheap enough, but there is high risk. Then again, GM stock has been sitting at a loss for tax payers ever since its IPO.
[Full Dislosure: Frank owns shares in this company as part of his long-term IRA investments]
About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures and writes articles, books and ebooks like, "Perfecting Corporate Character," "Awaken Your Speculator Mind", and "Millennial World Order" via authorfrank.com. He may be contacted here by email: [email protected] or via his Twitter i.d. @Authorfranks
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Raytheon: Cyclone Power's combustion engine game changer
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