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I voted against it as well. Historically, it seems that when a company executed a reverse split, it goes down another 25-50% in the couple weeks after, further killing shareholder value. Time for this “Powerhouse Plan” they have been pumping for a few years to actually show some power.
Overall market turned south when FCEL was giving back its gains.
Backlog increase was due to the South Korea deal (we had gone down like 50% since that announcement)… beat earnings (barely), and some cost cutting measures in place… certainly nothing great, but nothing negative to knock it down further. Though I was pleased at the selling of 95 million more shares at an average of 71 cents/share. Heavy dilution… we need to avoid a reverse split though!
I think all the negatives are already built into the price, so any positives are why it is rallying.
Yes, I bought more Amarin on its way down, thinking it would be overturned because… common sense… Rich companies are just scared about the upfront costs of fuel cells and ignore the long-term savings. I still have high hopes though… said high hopes are now over 20 yrs in the making!
Its going alright… life is busy! Don’t have the chance to post much anymore and have been quite frustrated with a lot of holdings… AMRN and FCEL in particular. How are things with you?
Is trading halted for some reason? I am not seeing any price or volume changes on Yahoo or Schwab.
EDIT: NEVER MIND
It is updating now.
I believe so, but do not recall exactly.
My interpretation of the $7 billion comment was that that was the total over multiple potential customers they were talking with. Not sure how many people interpreted it that way or thought it was 1 contract. So, if something is announced and it is $1 billion, there could be a temporary sell-off by those that think the $7 billion was one customer. If that happens, it would be a good buying opportunity. But I could be wrong. It might only be my beloved FCEL (my largest holding) that goes down after announcing a big contract.
Its been going down daily since those in the Reddit group stopped having fun playing with the shorts. Any chance we can get them to come back???
I believe a big part is the major FCF guidance they gave yesterday after close, upping it from $100-300 million to $1-1.2 billion next year. Company is turning rhe corner in a major way!
I had shares back when it was CenturyLink. Sold them and bought some more after it became Lumen. Got killed when they eliminated the dividend, but a few months ago, really averaged down my overall cost average and increased my share count from around 250 to what it is now.
Thank you for that info! Seems like about 50 million shares have been covered since I last saw.
Good luck to you as well! I had sold 200 shares last week (of my 1150 at the time) at $3.88/share. Put my profits into something else and then used the remaining to buyback 110 shares (giving me 1060) at $2.68/share two days ago… so I booked profits and still have the same investment I had previously.
Thank you for that info. Hope I remember next time I feel the need to do it.
I would say sell half in the morning to lock in profits. Then let the rest ride!
I got some yesterday @ $2.68! Now have 1,060 shares. Small amount to some, but prett decent amount for me.
I think a good deal of this run-up, especially yo as high as $9.10 after-hours today, is due to shorts covering. The question is, how many shorted shares have still yet to be covered?
I can’t figure out how to copy and paste a screenshot on here… works almost everywhere else. I’ld be glad to show my recent purchases of FCEL, now matter gow small they are.
He is not. Welcome to the boards, newbie.
Hoghead and I have been in this stock for over 20 years (me 23 years actually).. He does more research on it than anyone. You don’t have to believe him, but those of us that have been around since we were on the Yahoo boards before they went to hell know such.
I had zero troubles accessing my Schwab account between 9:30 and 9:45 this morning (my morning “bathroom poop break” at work often “coincidentally” coincides with the market opening 🤣🤣🤣).
What is with the 10% drop this morning in pre-market trading? I don’t see any news on Yahoo and Bitcoin hasn’t plummeted.
The company will not comment until something is made public, as it would be against the law to give out such information. You will be wasting your time.
It is meant to be that way… imagine the traffic if everyone was in regular cars, as opposed to golf cars. We provide an app for free (that work I do goes directly into) that gives spoken and visual directions to anywhere in The Villages using golf car routes, just like you get for regular car routes when you enter an address on the maps app on your phone.
Well, I currently work for The Villages, so I am sure you are familiar with that area, at least by name. Totally understand about family… my parents live about 40 minutes from me and are in their 70s.
Where in the state dis you live? I lived in Tallahassee from when I started as a freshman at FSU in 1992 until 2018, when I moved to Leesburg (about an hr NW of Orlando).
Yes, that is the white-collar criminal, current US Senator, and I think head of the RNC.
And helped ruin my state as Governor before he bought his Senate seat!
I do that some… last week, my $300/month deposit went into my Roth IRA… I bought 180 shares of LGVN @ $1.65 with it. On Tuesday I sold 100 of those shares at $3.10. Got my entire investment back + $12, and still have 80 shares left. When I sold, I then put those funds into 425 more shares of AMRN @ $0.73/share. FCEL and AMRN have been my biggest investments over time… the biggest holding by dollar value I currently have is my 400 shares of GBTC, the first of which I bought under $8/share. With stuff like GBTC, CGC, and a couple others, when there is a big or quick run, I’ll sell some shares and if it pulls back within a few days, put those funds right back in and increase my share count a bit over what it would have been had I done nothing.
I work a regular 8:00-5:00. Kind of hard to sit at my office desk and trade in-and-out of stocks all day long. I can manage a trade or 2 a week usually. And the reason I only have a bit less than 9,000 shares is a combination of trying to have a somewhat diverse portfolio and suffering through 2 1:12 reverse splits… plus I sold probably 3/5ths of my shares on the ride up to $29… but have bought back many more shares since.
How do you know he pr even I don’t have a greater percentage of our wealth invested in this company than you do? Thus, we would probably be more passionate and involved in researching whatever we can than you.
What an a$$hole comment. Not all of us are rich. FCEL is my biggest holding/investment. I have less than 9,000 shares.
I would rather see the money given directly to shareholders in the form of a special one-time dividend. Announcement of such alone would cause a nice bump in share price.
Would that be legal for them to do, or would that be considered insider trading?
Per Yahoo, there are 410,870,000 shares, of which about 383,290,000 are in the public float. So maybe they have recently bought back 27 million (minus what they had in reserve still for executive bonuses/pay. U less I don’t understand the whole concept like I think I do.
Thank you for posting!!
Since it was only authorized and approved less than a month ago by the government in Ireland, I expect the share repurchase has started, but there hasn’t been an update yet to the number of shares outstanding. We’ll only know when that is updating. I think that is done quarterly, but could be monthly. I am not 100% sure on that.
Thank you. Forgot about that case. Will look yhat up when I get the chance.
With all due respect (and thank you for chiming in), there has been a “high likelihood of this being sold sooner than later” since I bought my first share about 15 years ago. It was definite after Reduce It. And then that horrendous decision by Judge Du. If Denner wants as much as you think, there is no way we get that before the outcome of the case is known, IMHO.