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It says it hit 20.86, but I didn't get any on my bid there. Yet anyways.
Is it going to come down to my new low bids or not. Not even picking up my .95. We'll just roll around in the mud for awhile I guess.
Consumer prices increased slightly more than expected in September as food and energy price rises offset declines in used cars, the Labor Department reported Wednesday.
The consumer price index for all items rose 0.4% for the month, compared with the 0.3% Dow Jones estimate. On a year-over-year basis, prices increased 5.4% versus the estimate for 5.3% and the highest since January 1991.
However, excluding volatile food and energy prices, the CPI increased 0.2% on the month and 4% year over year, against respective estimates for 0.3% and 4%.
Dow futures were slightly positive following the news but fell sharply through the morning, while government bond yields were mostly lower as investors gravitated toward safe-haven fied income.
Gasoline prices rose another 1.2% for the month, bringing the annual increase to 42.1%. Fuel oil shot up 3.9%, for a 42.6% year over year surge.
Food prices also showed notable gains for the month, with food at home rising 1.2%. Meat prices rose 3.3% just in September and increased 12.6% year over year.
“Food and energy are more variable, but that’s where the problem is,” said Bob Doll, chief investment officer at Crossmark Global Investments. “Hopefully, we start solving our supply shortage problem. But when the dust settles, inflation is not going back to zero to 2 [percent] where it was for the last decade.”
Used car prices, which have been at the center of much of the inflation pressures in recent months, fell 0.7% for the month, pulling the 12-month increase down to 24.4%. However, the continued rise in prices even with the drop in vehicle costs could lend credence to the notion that inflation is more persistent than policymakers think.
Airline fares tumbled 6.4% for the month after falling 9.1% in July.
Shelter prices, which make up about a third of the CPI, increased 0.4% for the month and are up 3.2% for the 12-month period. Owners’ equivalent rent or how much an owner of a property would have to pay to rent it, increased 0.4% as well, its largest monthly gain since June 2006.
“This might just be an overshoot after a couple of relatively modest increases, but we can’t rule out the idea that the fundamentals — rapid house price gains, more aggressive landlord pricing, low inventory, and faster wage growth — are pushing up the trend,” wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Apparel prices also declined 1.1% in September while transportation services dropped 0.5%. Both sectors have been rising consistently and still showed respective annual gains of 3.4% and 4.4%.
Federal Reserve officials have called the current inflation run “transitory,” and attribute it largely to supply chain and demand issues that they expect to subside in the months ahead.
However, that view has been receiving substantial pushback lately.
“This is one more data point to say, ‘Fed, your trying to convince us that inflation is transitory is just not believable,’” Doll said. “If you know anybody who doesn’t have to live somewhere, doesn’t eat any food and doesn’t use energy, then inflation is maybe not a particular problem. But come on.”
On Tuesday, the International Monetary Fund warned that the Fed and its global peers should be preparing contingency plans should inflation prove persistent. That would mean raising interest rates sooner than expected to control the price gains.
Well that wasn't too bad, can we do better. Come down to Papa now.
I'll two bit this thing to death if I have to, until those elephants get really hungry and there is no more straw. With a little luck it will be 4 whole bits. LOL
Picked up some $20's even.
Yea, I agree. Sold what I picked up in the .40's and picking up some lows where ever that might be. Hopefully it doesn't turn out that they are the highs. LOL
No surprise indeed. They're trying everything to stable the markets and succeeding somewhat. But too many elephants are coming into the china closet, and this last quarter is going to be a bear to keep it up. Except for the few at the top, the majority is going to be you know what up the anus.
"Morgan Stanley Upgrades Plug Power to Overweight, Announces $40 Price Target"
That's what they say anyways.
Got some .20's and now its into .40's. Maybe a good sign, maybe not. LOL
Plug Power Stock Jumps for 2 Reasons. A Third Catalyst Is Coming.
By Al Root
Oct. 13, 2021 8:16 am ET
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Courtesy Plug Power
Stock in hydrogen technology company Plug Power rose in premarket trading Wednesday. A couple things have investors excited. There is a third catalyst coming soon that could give shares another boost.
Plug Power (ticker: PLUG) stock jumped about 7.7% in premarket trading Wednesday after rising 7.7% Tuesday. S&P 500 and Dow Jones Industrial Average futures are up 0.2% and 0.1%, respectively.
Morgan Stanley analyst Stephen Byrd helped things get started Wednesday morning by upgrading shares to Buy from Hold. His price target goes to $40 from $35 a share. Byrd believes the company is well-positioned for a few reasons: the $4 billion in cash on its balance sheet; legislative support for low-carbon emission technologies such as hydrogen; and strategic partnerships, such as a recent partnership formed to make and distribute hydrogen gas in South Korea.
Plug formed another partnership Wednesday, which is likely intriguing investors. Commercial aerospace giant Airbus (AIR.France) and Plug are working together to investigate green hydrogen for use in air transportation.
So-called green hydrogen comes from producing hydrogen gas by passing electricity generated by renewable resources through water. That way, there is no carbon dioxide—the main gas blamed for global climate change—emitted in production. Most hydrogen gas is made from natural gas these days. That process emits carbon dioxide.
“We at Airbus see huge potential for green hydrogen to power our future zero-emission aircraft,” said Glenn Llewellyn, Airbus Vice-President, Zero Emission Aircraft, in a joint news release. Plug Power is “a true pioneer in developing green hydrogen infrastructure across the United States, and key points across Europe and Asia.”
The pair wants to have zero-carbon emission plane by 2035. That would be a plane that looks like today’s jets, but burns hydrogen instead of traditional jet fuel.
Those are Wednesday’s catalysts for Plug stock. On Thursday, the company hosts an investor event it is calling a hydrogen symposium—something else investors can look forward to. B. Riley analyst Christopher Souther, in a Tuesday research note, said Plug is likely to increase 2021 guidance and 2024 financial goals at the event.
Plug stock is still down about 12% year to date, but has seen some improvement lately. Shares are up 23% over the past month.
Plug stock had and incredible 2020, rising more than 900%. Shares are up about 73% over the past 12 months.
Along with Airbus and Phillips 66, supposed to be a third catalyst coming.
Thats what they're implying to develop I guess with their signed Agreement ("memorandum of understanding to collaborate")
"Phillips 66, which has 13 wholly owned and joint venture refineries in the US and Europe, owns extensive hydogen-related infrastructure and uses hydrogen in the manufacturing of transportation fuels."
Sold more afterhrs, buying more early at around 20.30, will get more if lower I suppose. Lets see what erratic system they give us today or if new lows happen and lower channel.
It was last night, lets see if it gets over 21 again.
Ended up getting a bunch of teens and single digits then sold in the 70s. if 4 bits is all they're going to dole out, I'll take it, better than getting bit. LOL Pretty crazy stuff out there all over today.
We going to the lows again today? More ready today, bought some more in the .30s for replenish and day trades.
So it seems. Like having to take a dump and the bathrooms are busy, and one is trying to hold it back, but it's going to go at some point and the fan is on high.
In yesterday's article, it was stated that also that Modern Land and Sinic were trying to push back payments and likely to default next week.
Yes, the board game in which they set the rules to apply or work around as they see fit.
They also load up on their own shares and then manipulate to own that whole system. I caught one of the owns last week with WFC. They locked up the ask and bid after hours and transferred the owned wealth. A few Form 4 and Form 3 filed after. Remember to add two zeros to the amount. We're in Billions of $ at a time.
Bought in a few at 28.49 and 20.56 early here to replace the ones I got rid of last night after hrs.
For as bloody as it was earlier, days looking pretty good.
On the daily its been getting in the oversold area, so maybe its found bottom, or maybe it will fall a bit farther, who knows.
Been kind of pissy work, but got tired of getting cut catching the knife.
Been nickel, diming, and two bits with a portion of shares and now the gap of green and red have closed on my price per share. Now its starting to go green. Yahoo.
Seems like I'm trying to catch a falling knife here. Not sure where the flippen bottom is. In at (not all today) 21.22, 21.08, 20.96, 20.75, 20.47, 20.18, 20.04, 19.93, and last 19.88. Getting kind of bloody, hopefully something bounces somewhere here. Going to start day trading instead of swing maybe.
So are they going to go back up to 433 something to do some more clonking today? The early bird special. LOL
We should start a board like score cells on football for exact time in the day they grab the rug. LOL
"Wave of US labor unrest could see tens of thousands on strike within weeks"
https://www.theguardian.com/us-news/2021/oct/01/us-labor-unrest-unions-strikes
When the masses get kicked and pushed around to much, they start pushing and kicking back.
"From healthcare to Hollywood, workers are demanding higher wages, fighting cuts and seeking better safety and conditions
Crystal Kan, a storyboard artist, draws pro-labor signs on cars of union members during a rally at the Motion Picture Editors Guild IATSE Local 700 on Sunday in Los Angeles.
Crystal Kan, a storyboard artist, draws signs on union members’ cars during a rally at the Motion Picture Editors Guild IATSE Local 700 on Sunday in Los Angeles. Photograph: Myung J Chun/Los Angeles Times/Rex/Shutterstock
Michael Sainato
Fri 1 Oct 2021 04.30 EDT
Tens of thousands of workers around the US could go on strike in the coming weeks in what would be the largest wave of labor unrest since a series of teacher strikes in 2018 and 2019, which won major victories and gave the American labor movement a significant boost.
The unrest spans a huge range of industries from healthcare to Hollywood and academia, and is largely focused on higher wages, fighting cuts and better working and safety conditions, especially in light of Covid-19.
‘I was doing a job where people who were sitting next to me were getting paid three to four times as much as me,’ one contract worker said.
‘A race to the bottom’: Google temps are fighting a two-tier labor system
Read more
It also plays out against a backdrop of an economy bouncing back from the torrid experience of widespread economic shutdowns during the coronavirus pandemic, but one that is still marked by profound inequality.
However, the pandemic is also seen as potentially providing a shot in the arm for US labor unions by increasing bargaining power amid increased union drives and labor shortages in some industries.
About 24,000 nurses and other healthcare workers at Kaiser Permanente in California represented by the United Nurses Associations of California/Union of Health Care Professionals will vote on a strike authorization from 1 to 10 October. The union took issue with Kaiser Permanente’s 1% wage increase for workers, cuts to wages for new staff, and benefit cuts in the company’s most recent offer.
“We have people burned out, complaining of mental health issues and PTSD. We’re in a situation as a union where we’re concerned about the future of nursing, [and] how we recruit and retain nurses and other healthcare professionals,” said Denise Duncan, president of UNAC/UHCP and a registered nurse.
About 700 building engineers at Kaiser Permanente in the San Francisco area are already on strike.
An additional 3,400 health workers in Oregon and 7,400 health workers with USW at Kaiser Permanente also announced strike authorization votes. Other unions representing thousands of workers at the company with expiring union contracts are considering strike authorization votes.
In an emailed statement, Kaiser Permanente’s senior vice-president of human resources, Arlene Peasnall, said: “Kaiser Permanente’s Labor Management Partnership was created 24 years ago, and has a great track record of serving as the framework through which we can solve sometimes very difficult problems. Instead of abandoning it, in the spirit of the partnership we ask union leaders to continue to work constructively toward an agreement, rather than call on nurses and other employees to walk away from patients who need them during this pandemic.”
A nurse from the Kaiser Permanente Woodland Hills medical center holds an electric candle during a candlelight vigil in memory of those lost during the coronavirus pandemic in Woodlands Hills, California, in May.
A nurse from the Kaiser Permanente Woodland Hills medical center in California holds an electric candle during a candlelight vigil in memory of those lost during the pandemic. Photograph: Valérie Macon/AFP/Getty Images
After four months of negotiations with the Alliance of Motion Picture and Television Producers (AMPTP), the International Alliance of Theatrical Stage Employees (IATSE)announced a strike authorization vote for 60,000 workers across the film and television industry in the US. If the union moves forward with the strike, it would be the first among Hollywood production workers since the second world war.
Hollywood workers have reported long workdays and unsafe schedules that have worsened during the pandemic. Pay rates for many workers have remained low, at just above the minimum wage in the Los Angeles area, while streaming services and shorter television series have also depressed wages.
“They wouldn’t have much to film if we weren’t here building everything for them,” said Joe Martinez, a IATSE Local 44 member and special effects technician. “They need to start looking at it from a perspective of what would happen if we weren’t there. And then it changes the whole dynamics, because there’s no way they would ever have a central product if we weren’t there.”
The voting starts 1 October, with 75% of each local union’s delegates required to vote in favor of the strike authorization. The AMPTP argued IATSE left a “generous, comprehensive package” on the bargaining table for a strike authorization vote.
Several other large groups of workers have voted to authorize strikes around the US while continuing new union contract negotiations, such as 2,000 Frontier Communications workers in California, transit workers in Beaumont, Texas, and Akron, Ohio, about 450 public works employees in Minneapolis, Minnesota, dining workers at Northwestern University, and hundreds of group home workers in Connecticut.
Graduate workers at Harvard and Columbia University are currently holding strike authorization votes and Illinois State University graduate workers have authorized the bargaining team to call for a strike vote.
About 1,100 coalminers in Alabama have been on strike for the past six months and 2,000 carpenters in Washington have been on strike since 16 September.
On 12 September, 10,100 John Deere production and warehouse workers in Iowa, Illinois and Kansas, represented by nine locals with the United Auto Workers voted 99% in favor of a strike authorization if a new six-year union contract isn’t attained through negotiations with the company.
After the strike vote, some union members held a protest outside John Deere headquarters in Moline, Illinois, over the company’s first contract offer.
John Deere’s Harvester Works facility in East Moline, Illinois. Workers protested against the company’s first contract offer.
John Deere’s Harvester Works facility in East Moline, Illinois. Workers protested against the company’s first contract offer. Photograph: Daniel Acker/Reuters
According to workers at the strike authorization meetings, John Deere’s first contract offer included increases in healthcare costs, including premiums and deductibles, the end of a no plant closure commitment in the union contract agreement, and reducing eligibility for overtime after eight hours a day to only after exceeding 40 hours in a week. The current union contract expires on 1 October.
“The initial offer is really a slap in the face,” said Chris Larsen, a member of UAW Local 74 in Ottumwa, Iowa, who has worked at John Deere for 19 years. “There are a lot of dissatisfied people.”
John Deere has reported record profits in 2021, breaking their annual profit record in the first nine months of this year with new earnings records set each quarter in 2021 so far. The company reported a net income of $4.7bn on 2 August, compared with their previous record profit year in 2013 where the annual net income was reported at $3.5bn.
A spokesperson for John Deere declined to comment on the initial offer.
Elsewhere 2,500 nurses and other hospital staff represented by the Communications Workers of America are fighting for a new union contract with Catholic Health at three hospitals in the Buffalo, New York, area. At Catholic Health’s Mercy hospital 2,000 workers voted 97% in favor of authorizing a strike to start on 1 October, when their current contract expires.
Tina Knop, a nurse at Mercy hospital, argued unsafe staffing ratios, lack of support staff and supply shortages have worsened working conditions through the pandemic, and made it more difficult to adequately care for patients.
“What we’re fighting for is to have better staffing and Catholic Health to come forward and work harder to actually staff their facilities,” said Knop. “They’re not providing us with support, emotionally or physically, and all they want to do is cut our pay, take away the pension targets, and charge more for our health insurance.”
Cheryl Darling, an immediate treatment assistant at Mercy hospital, recently tested positive for Covid-19 though she is vaccinated, but only found out from a rapid test she took before visiting her mother at a local nursing home. She described chaotic working conditions at the hospital due to staffing shortages from housekeepers to nurses, leaving workers struggling to keep up with the workloads.
“I’m afraid to go into work, because I don’t know what my day is going to be like,” said Darling. “I go to bed the night before work and I’m a bundle of nerves, because I don’t know where they’re going to put me or what my work conditions are going to be.”
In a statement, Catholic Health’s president, Eddie Bratko, said: “I want to assure our community that our top priority is the welfare and safety of our patients, and our hospital will remain open and operational during a strike to continue providing safe, high quality care.”"
We're all "traders", in and out at some point. I don't know where you're looking in the Market, but there is no "stability" right now and at this point, they aren't projecting any in short term, in fact saying the opposite.
I've made $10+ per share in the last few days on LWLG short term trading in and out (there are no shares available to "short" at TD, at least to us little guys and gals), while others that holding have lost $2-4 in their portfolio and some from the price they paid at the top. And there will ALWAYS be shares to buy and gains to be made for any long term holds. I have some now waiting for the next exuberant top of hill, and I like nothing better to turn any shares into long term. Nothing against the company, I just play the hand that is dealt, and what I see. I stopped getting personally attached to any stock some time ago like many on these stock boards. It's just a stock, and there are literally thousands of other fish in the sea, and none of them need any emotional attachment.
And no matter what the Fed does, it doesn't feed the Elephants.
LWLG still has probability of more pullback, right along with the rest of the market. There is a lot of selling over there and every time they push it up there becomes a stronger selling spree. I've just been playing it along with the sellers. Whether it's the company, longs, employees, or shorts, it doesn't matter, there is more shares entering. It broke through the little bit of support at the gap fill, and now it's bumping it's head on it as resistance. The best support now is the 8.55.
Doesn't matter if the Dems get everything, and the Market pumps and fakes that everything's fine now and smooth sailing ahead and create a upward spike. There is just too many elephants in the room, high price RE above most means, supply issues that have broken the worlds shipping system that won't be fixed any time soon, inflation, ignorance of health care issues, on and on. Just too much pressure. Some things just are going to break, as some things are breaking now.
All that will effect every thing and every stock, no matter what temp pumping of stock, etf, etc of price. I'm down to 20% of anything held (my self preservation mode which I haven't been in since the last Recession), just day trading or shorting for now, more work, but at least it's making money instead of having the risk that I don't want, and I can see this volatility continuing for some time right now.
Hey nowwhat, adjust your adjacent line a little bit, then it can matchup with my possible line. LOL Obviously the support wasn't solid enough and just to weak. No really big news, so nothing to support it. Just the volatile nature of a speculative stock was at work.
Sold about a third when the support broke, buy back better. Probably should of reduced more, but that FOMO thing kept hitting me in the back of the head, the little devil.
My 10.13 gap still in play as noted on my chart here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165975909
Anything goes, nobody knows.
The updated:
Man I'm looking at a 25 support if things continue. But what do I know, I'm just a flipping amateur with my lucky pajamas on. LOL. I've got to go get a pro.
A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
September 25, 202111:57 AM ET
DEEPA SHIVARAM
Twitter
Spinning on the hamster wheel allows Mr. Goxx to select a cryptocurrency to trade. Choosing one of two tunnels to run through allows him to buy or sell.
YouTube/Screenshot by NPR
What if we told you there was a hamster who has been trading cryptocurrencies since June — and recently was doing better than Warren Buffett and the S&P 500?
Meet Mr. Goxx, a hamster who works out of what is possibly the most high-tech hamster cage in existence.
TikTokers Are Trading Stocks By Copying What Members Of Congress Do
INVESTIGATIONS
TikTokers Are Trading Stocks By Copying What Members Of Congress Do
It's designed so that when Mr. Goxx runs on the hamster wheel, he can select among dozens of cryptocurrencies. Then, deciding between two tunnels, he chooses whether to buy or sell. According to the Twitch account for the hamster, his decision is sent over to a real trading platform — and yes, real money is involved.
YouTube
Look, we're not telling you to follow in this hamster's financial decisions or that this process is scientific in any way. The human behind this hamster's account and money has not been made public.
But what we can tell you is his portfolio is up nearly 20% since he started trading in June, according to his Twitter account. And as of Sept. 12, Mr. Goxx was performing better than Bitcoin, the Nasdaq 100, Warren Buffett's Berkshire Hathaway and the S&P 500.
Mirror, Mirror, On The Wall: Can Animals Recognize Their Reflection At All?
SHORT WAVE
Mirror, Mirror, On The Wall: Can Animals Recognize Their Reflection At All?
Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know
BUSINESS
Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know
While Mr. Goxx's methodology is random at best, it does remind us that where people get their financial advice from is certainly changing.
We've seen people getting tips from TikTok and from two kids in Baltimore.
And in recent years, there's been more stock-picking on Wall Street from bots. NPR's Planet Money even built its own in 2017 that invested money based off President Donald Trump's tweets.
Well what a difference a week makes when I did my 34's. Not. Placed some bets at the 29. Quite some show here.
Seeking Alpha Version:
I don’t know about you, but I am sick and tired of reading article after article telling me how inflation is going to kill our stock market, how the Fed tapering is going to kill our stock market, or how the rising dollar is going to kill our stock market. None of these perspectives are consistent or even accurate when taken from a historical perspective.
As I outlined in my last article, the entire premise of inflation is that there are many more dollars chasing after a limited number of assets. Should this not normally cause the stock market to rally?
Moreover, anyone that claims that the Fed backing away from the market is a bearish indication has clearly not even bothered to look at recent history. In late 2015 into 2016, the Fed began backing away from the market, yet the stock market rallied 60% in an almost straight line higher. Isn’t it a shame when narratives that are constantly proffered to the masses have no basis in fact or history? But, since it sounds good, many investors buy into this fallacy.
But, what is funny is that when we rallied higher this past week after the Fed announced its continued intention to taper, we saw titles to articles such as “Stocks rally as investors shrug off Fed tapering signals.” Yet, so many of you are so certain that the Fed backing away from the market is a bearish indication for the market.
Lastly, I am seeing many claims that the current rallying dollar is bad for the stock market. I have two issues with this perspective. First, during inflation, should the dollar not be declining rather than rising? And, second, has anyone even cared to look at what the market did during 2011-2018 when the dollar rallied from 74 to 103+? For those that have not bothered to look, both the stock market and the dollar rallied together for those seven years.
It really is a shame when so many analysts and article writers are simply not burdened by the facts of history. It is so much easier to sell a commonly accepted fallacious narrative than actually deal with the true facts on the ground.
When asked why he changed his opinion, John Maynard Keynes was purported to have responded – “when the facts change, I change my opinion. What do you do, sir?”
Yet, do all the bearish article writers ever reconsider their bearish perspectives when, week after week, market price action continues to prove them wrong? Do you?
So, with all these certainly negative indications for the stock market, maybe we should simply declare that the lifetime of the stock market is over, as there is nothing positive to be able to push the market higher.
As for me, I am still looking up to our next target in the 4900-5000SPX region as we look towards 2022.
The funny thing is that there is never a shortage of bears that tell me how wrong I am. I was told I was wrong for looking to 4000 from 2200SPX back in March of 2020. I was again told I was wrong for next looking to 4250 from 4000. And, I was again told I was wrong for looking to 4440-4600SPX from 4250SPX.
But, the real funny thing is that I was then told how wrong I was for expecting a 200-300 point pullback from the 4440-4600SPX region. Well, it seems that the more I am viewed as wrong, the more money I and my subscribers seem to make, as I think we just got the minimum pullback expectation I have recently warned you about. (smile)
So, please feel free to tell me how wrong I am for next expecting us to rally to the 4900/5000SPX region as we look towards 2022. Of course, I can always be wrong. But, the pattern we have been tracking for years has been quite accurate each step of the way.
Yet, what many of you still have not accepted is that the stock market and the economy are not the same thing. And, if the 2020 rally did not convince you, then it is likely nothing ever will.
As far as the market is concerned, while we have seen the 200-point pullback recently which I was expecting before we rally to 4900SPX, I am going to need to see a 5-wave rally completed through the 4500SPX region to confirm the rally to 4900 is in progress. In fact, if the market breaks down below the 4420SPX region in impulsive fashion (an Elliott Wave term of art meaning a 5-wave structure) before we rally to complete an initial 5-wave structure over 4500SPX, then we can see one more loop lower and another 200+ point decline before we are ready to rally to 4900SPX.
But, don’t worry. You do not have to get FOMO (fear of missing out) just yet. Should we complete that 5-wave structure over 4500SPX, the market will likely then provide us with a corrective pullback back into the 4400-4450SPX region before we are ready for that rally to 4900SPX.
So, while many of you will continue to focus on the debt ceiling, or on an impending government shutdown, or on more Covid news, or on more inflation news, or on a myriad of other issues you deem important about the market, I will continue to follow market structure which is a lot more of a reliable determinative factor regarding market direction than anything else. And, again, if you have not learned the truth of my last statement yet, then you have clearly not been paying attention for the last several years.
https://seekingalpha.com/article/4457130-sentiment-speaks-the-stock-market-is-over?mailingid=25162979&messageid=must_reads&serial=25162979.1345830&utm_campaign=Must%2BRead%2BSeptember%2B27%2C%2B2021&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads
Own a little of PLUG. I think this will benefit them even if the company doesn't get it directly, the ripple effect will be in play. From the latest bulletin email I get from the gov Office of Energy Efficiency & Renewable Energy (this is from the Advanced Manufacturing Office):
Advanced Manufacturing Office
September 27, 2021
The U.S. Department of Energy (DOE) recently announced $17.9 million in funding for four research and development projects to scale up American manufacturing of flow battery and long-duration storage systems. This funding will help provide the materials needed to expand the grid with new, clean energy sources, deliver affordable electricity to disadvantaged communities, and help reach the Biden Administration’s goal of net-zero carbon emissions by 2050.
“We’re moving at lightning speed to harness renewables and access to long duration storage is critical for dispatching this clean energy for use whenever and wherever it’s needed,” said Secretary of Energy Jennifer M. Granholm. “DOE’s investment to boost battery storage technology coupled with our first-ever Energy Storage for Social Equity Initiative will help generate jobs, build more resilient communities and ensure cleaner, healthier environment for all Americans.”
Read more.
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