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No problem. You were probably just jumping the gun a bit.
Although everything looks rosy for PLUG right now, it is important to realize we are reaching over bought territory again already, as evidenced by the RSI in the chart, and it wouldn't be surprising to see a pull back soon. This has proven to be a valid indicator for PLUG in the past.
https://www.stockcharts.com/h-sc/ui?s=PLUG&p=D&b=5&g=0&id=p06818131909
I expect it will be a tug of war between the RSI and the analyst upgrades for the rest of the week. If we show a sizeable jump intraday, I intend to lighten my position by about 20%.
Where do you see a price target of $40? Thanks.
Price Target for PLUG
Colin Rusch
Oppenheimer
Buy
11/09/20 $23.00
The other stocks in the sector are showing much more strength than PLUG so far today. Surprising.
Once you're onto their pattern, a lot of money can be made by playing it with them.
Maybe Andy should check to see if he can announce earnings dates more than four times a year. It seems to work for us.
Etrade lists expectations at $109 million and a loss of 7 cents. I won't be surprised if PLUG beats both handily.
That's a 10 million share increase in shorts. Quite a jump!
Here is the Mad Money video:
We bounced off the 50 day moving average today, so normally this would be a best time to buy. The election in one week muddies the outlook though.
GLTA
We bounced off the 50 day moving average today, so normally this would be a best time to buy. The election in one week muddies the outlook though.
GLTA
It has been a disappointing week. I sold a portion perfectly timed but jumped back in way too soon first thing on Monday.
I'm usually a much better timer than that.
Updated short interest shows an increase of 2.3 million shares.
SETTLEMENT DATE........... SHORT INTEREST
09/30/2020.............................. 61,906,719
09/15/2020.............................. 59,544,119
Thank you Crudeoil24.
Juvenescence Limited must be highly regarded in the industry.
Does anybody have an idea why the huge volume and price spikes with AGE today?
Was anybody else expecting PLUG to be participating in the Hydrogen Online Conference? It seems like it would have been a good opportunity to advertise PLUGS's progress to potential new customers.
Didn't they announce it in a news release?
You may have put your finger on the reason FCEL is lagging during the market's love affair with all things hydrogen. Yes, PLUG is burning more cash, but why?
PLUG has recognized the opportunity and has done everything they can to grab as much future market share as they can. They are using their success with forklifts and the capital markets to branch out into powering heavy trucks, delivery vehicles, airplanes, drones, and stationary power systems.
The stock markets are forward looking, and they see huge revenues from any of these opportunities should they embrace hydrogen power.
What has FCEL done? What are they pioneering? I know there is a great possibility with carbon capture. Has FCEL given any updates on that?
Anybody who holds a short position on a sub 2 cent stock has bigger problems than worrying about it going up.
Thanks Cleveland12. That must be the news Big Daddy was referencing. I haven't sold any yet and appreciate your concern. The chart indicates we are nearing a top, but Big Daddy convinced me to wait to see what tomorrow brings before making a move. Again, it would only be 25%.
Good luck to you and all longs.
Sorry. I missed it. Lots of news to look through.
I'll just wait. Thanks anyway.
How do we know news is coming Thursday?
It's difficult to buy new options when the old ones expire because they have all become so expensive. Can we really keep up this breakneck momentum?
I apologize Cleveland12. My cut and paste was of the wrong url. Let's try this again:
What are you looking for to tell you it is the right moment? I'll give you my thoughts to maybe help.
http://schrts.co/ETNumdQF
The RSI at the top of the chart has been a good indicator. When it goes into overbought territory and turns green seems to be the time when the stock wants to take a breather. When the RSI hits the oversold territory at 50 seems to be the time to buy. If this stays valid, we are just entering overbought territory and now would be a dangerous time to buy.
I'm going to let it rise a bit more into the overbought territory, and then sell about 25% of my holdings, hoping for a drop in RSI. If it rises, I'll be happy and if it drops, I'll be happy to buy more than I had.
Past performance doesn't ensure future results, but it does offer a way to strategically plan.
What are you looking for to tell you it is the right moment? I'll give you my thoughts to maybe help.
https://www.nasdaq.com/market-activity/stocks/plug
The RSI at the top of the chart has been a good indicator. When it goes into overbought territory and turns green seems to be the time when the stock wants to take a breather. When the RSI hits the oversold territory at 50 seems to be the time to buy. If this stays valid, we are just entering overbought territory and now would be a dangerous time to buy.
I'm going to let it rise a bit more into the overbought territory, and then sell about 25% of my holdings, hoping for a drop in RSI. If it rises, I'll be happy and if it drops, I'll be happy to buy more than I had.
Past performance doesn't ensure future results, but it does offer a way to strategically plan.
Question: If you were to compare PLUG stock to a person with its winning, winning, winning, who would it be?
I'm holding strong because I think the best is yet to come.
Due to the President testing positive, I think it's important to be aware of the truth of COVID:
90% of the people who test positive never show any symptoms at all.
The US govt on 9/10/20 updated the survival rates (i.e., IF infected) for Covid19:
0-19 yrs............99.997%
20-49...............99.98%
50-69...............99.5%
70+.................94.6%
My opinion is that the entire hysteria is way overblown and, in the end, unless the President is hospitalized, will be a non-event for PLUG.
https://www.cdc.gov/coronavirus/2019-ncov/hcp/planning-scenarios.html?fbclid=IwAR3bHDhdVwCbmV_JInNQHSJBuTPJoKCqSd5LYhTifDxnGr3x7uDKeC2q75U
Moderators: Please remove the previous post 41280 for unrelated political content and this one.
Thank you.
What a difference a week makes!
How has PLUG intentionally misled investors?
Thanks
Latest short interest update shows an increase of 5 million shares.
Explains a lot.
SETTLEMENT DATE.......... SHORT INTEREST
09/15/2020.......................... 59,544,119
08/31/2020.............................. 54,310,186
I'm sure I'm not the only one on this board who appreciates your review. Thank you Steve.
Thank you.
Thanks for the review Steve.
I didn't receive my email with the personal zoom access link and figured no big deal, I'll just listen to the taped version, but there isn't a taped version. (Correction: I did receive the email on 8/31 but didn't realize that was the one with the access link)
From what you say, things are moving forward nicely and we can expect some good updates later this year.
Who were the speakers. Did they have anything interesting to say?
I think we're out of the barber's chair now. Let's see if I'm right.
That is why I'm still in. 3rd quarter earnings are coming soon.
The 50 day moving average has been our support since mid April. If we hold here, we'll be fine. If not...
https://www.stockcharts.com/h-sc/ui?s=PLUG&p=D&b=5&g=0&id=p06818131909
I have to admit I'm very disappointed with PLUG's inability to announce a new revenue stream, but I'm still holding with optimism. GLTA longs.
You can't say they aren't trying to support the share price. Let's see what today brings.
I agree wholeheartedly.
This was posted on the FCEL board. It doesn't specify the target company.
https://www.sec.gov/Archives/edgar/data/1744494/000114036120021175/brhc10015345_defa14a.htm
I think Mr. Market was hoping for a new customer with deep pockets. Maybe tomorrow.
They probably had to clean up the corrupt Puerto Rican leadership first. Now the money will be spent on what it is intended for.