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That's what I have been saying for a week.
There were 2 monster sells for 71,370 and 30,250 shares at 5:15pm @ $0.189.
That was a little over $19,000.
Impatient long or worried short?
After hours the dumping is getting bigger, it's mostly selling and orders are in the order of thousands. If you are long you don't want to leave the ship now with that kind of selling. It has to be shorts.
Over 32 MIL shares traded today and green again for two days straight.
Again, more positive signs. Tomorrow BIG DAY.
Impressive Volume Today.
Also, very good recovery from the dip early this morning.
Positive signs.
The trick is, in fact, very easy if it is likely that the stock price is going down.
EXAMPLE
TODAY
I short $10,000 at $0.175
(When you short you're borrowing shares from your broker and you get the money upfront with the promise to return the shares).
TOMORROW
Impatient people will panic or get impatient and sell at $0.155.
I will buy their shares and return them to my broker.
I just made easy $0.02 per share which is $1,142 per trade.
Make 10 trades like that every day and you're good.
A margin account is required to do so.
Unfortunately this practice is allowed and not even frowned upon. It's like betting against a limping horse in this case. On top of that, computers are actually doing the trades picking the purchase price and determine the optimal sell price. There are traders chasing failing companies like FCEL and make a ton of money playing this trick. General Electric has been a big target for years. To stop this kind of behavior we need an enormous amount of longs that won't sell. News will help too but without the support of longs there's nothing we can do against it.
Something is cooking for next week.
Huron is behind it.
We'll have news at the end of next week.
Same story as yesterday.
Buy Volume is BIGGER but we're still down.
Overall very good volume.
We can't say that this stock doesn't get attention.
I remember the days of the few hundred thousands traded and NO action after hours.
I'm afraid delisting will be inevitable and then FCEL will go to OTC markets.
At that point only loyal longs will stay (if nothing happens in between) and perhaps some years of recovery ahead just to break even.
Some people here lost every single penny they had with this stock.
So sad.
There no doubt that a change is in the making set by the hiring of Huron Consulting and the sudden dismissal of Arthur Bottone.
It is clear that there is a strong intention to turn things around and things are in motion already starting with the Exxon deal.
I don't believe there is a conspiracy against the shareholders and there is no plan to get the most out of the company to favor a few people. There may have been intentional dilution in the past aimed to buy time and get some easy money.
But at this point would have been easier to declare bankruptcy, sell whatever was valuable and stop the game. But it hasn't happened.
Going ahead and hire Huron Consulting, fire Bottone and make the Exxon deal is a clear indication that FUELCELL want to stay in business and it is clear that a plan that can guarantee a future has been designed.
In less than 2 weeks FCEL will receive the 10 million from the Exxon deal and by the time we get there other things can happen.
We will be watching closely.
Two different companies, two different realities, two different markets.
Just a coincidence with a difference. FCEL hasn't declared bankruptcy.
It's very simple. No News. No Movement.
Volume is staggering.
There is some serious money traded here today.
And we still have 3 hours to go.
Exciting times.
Tomorrow Earning and Guidance before the bell.
Is it going to be hell or heaven?
A perpetual agreement means that there will be just one time payment of 10 million and Exxon has the right to use all their patents indefinitely.
It's good money but I'm not sure it's the best deal for FCEL.
It seems to me like a move aimed to get out of debt and avoid BK.
Very good move for that matter.
It's unclear if there was an ongoing negotiation between FCEL and XOM or something cooked lately with the help of Huron consulting.
I don't know where you're getting your data from but today was about buys.
Level II reports 1,143,255 buys vs 848,745 sells.
Where did you get the "going concern" news?
Would you mind sharing the link? Thanks!
Nobody really knows where the bottom of this thing can be.
We certainly need some news to lift it up.
FCEL's CEO Chip Bottone has been fired.
That's the reason why the stock was up after hours and there is reason to believe that things will be done differently from now on.
That's a huge positive.
https://www.sec.gov/Archives/edgar/data/886128/000114420419029911/tv523177_8k.htm
I agree.
That's why is so hard to understand this stock.
So many things that make sense but still, the stock gets bashed horribly.
Chapter 11 is not necessarily bad news.
American Airlines and Delta both filed for Chapter 11 at some point and here they are flying high.
What could happen is that they might decide to create another company on top of the ashes of this one and that can really be very very bad.
Company will trade under a different ticker and the old ticker gets delisted and deemed worthless in its entirety.
But it's only speculation.
I have read that.
Nothing that can kill the stock like this.
Hard to tell if this is an attempt to scare off people and spread panic intentionally before the earning tomorrow.
I don't understand this massive selloff.
Looks like insiders know something.
Despite the Bridgeport deal still no signs of recovery.
How can someone live with disappointment for so many years?
It looks like this thing went down like 100 times its value
Today all the market is up, we have very good news coming from Bridgeport but still FCEL doesn't want to go up.
There must be someone in here losing at least 95%.
What does it take for this stock to go up?
Please don't mention market manipulators.
Good volume today.
Buys and Sells are pretty much equal.
Still don't understand what's going on with Bridgeport.
Why is it taking so long?
It should have been announced already by now.
Every one of us has different expectations.
I have reasons to believe that this will be a good month for news.
It looks like good news are on the way.
Revenues. This company needs revenues. Growing revenues.
The market does not care if you're at loss as long as you post growing revenues.
This is what FCEL needs and that is exactly what's getting out of Bridgeport and the next several deals queued for the remainder of this year.
Be patient and load up more shares.
Gotta be.