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Wouldn’t that make the market cap $36 trillion or something?
I guess they only like the Robinhood method if it’s done through taxes and bureaucratic systems...rather than a trading platform
Ahhh. Got it. Just weird what the brokerages are doing to people.
Wouldn’t restricting buyers also prevent people from “closing out their positions?”
I’m not sure TD Ameritrade, Schwab, and Robinhood thought this through.
Bank of America releases a $10 target with "underperform" rating. They doing favors for someone?
Haha. And WSB yolo’s it to 3000% while flipping off the SEC
Wow! I checked a couple minutes after your post... And they just ran out of shares. Hope it pays out big time.
I’ll second that. Where is the borrow coming from, especially after hours?
What exactly do ethics have to do with short selling? There’s always an opposite side to long or short. Without that equilibrium, things would only go up, good, bad, or ugly.
Spinal Muscular Atrophy (SMA) affects between 1 in 6,000 to 1 in 10,000 depending on type. $SRRK tested SRK-015 on 58 people and they improved a little. Still a ways to go for a marginally rare disease. At the same time, the company announced intent to issue $150 million worth of new shares at an undisclosed price with a $22.5 million option. Please post your thoughts on whether this price action continues or if dilution and loss of interest tanks it. I'm definitely torn. LOL
I remember this little gem from 2004. At the time, AHFI rose from 0.12 to around $4 per share on the newsletter and paid pumping of some fraudsters. The owners liquidated their holdings on the way up, and were indicted for fraud in 2005. While claiming they were starting a chain of gyms on press releases, it basically amounted to a couple offices with a treadmill. LOL
https://www.sec.gov/litigation/litreleases/lr19085.htm
I Love the optimism when the price goes from triple zeros to 0.12. People show up, post about it going to a dollar with fingers crossed, and are somehow surprised when it's back to trip-zeros. There's over 100,000,000 shares out there. Expecting market cap to go from $300k to over a hundred mil is hilarious.
Thank you so much. Had to get an account reset.
Pop Quiz: Are there any accredited investors in this forum who are able to log into Dinosaur and post the current price and volume of the token?
Hit my target for the short side. Thanks everyone for the interesting discussions. GLTA. See you around.
Out for the weekend. The recovery bounce was awesome, but I don't know how the lackluster news on the test will impact everything long term with earnings around the corner. Not gonna hold into earnings. GLTA
Very True...But it wouldn't be a "hit" article if they used the numbers the logical way you described them. I was just looking back at price action the day the article was published. Interesting to see the reaction.
HAHA, that would definitely free up some capital. The salary article was not well received.
https://www.bizjournals.com/albany/news/2019/04/09/plug-power-ceo-andy-marsh-2018-compensation.html?ana=yahoo&yptr=yahoo
Alright, cautious optimism it is. In long with stops in place below $72.09. We'll just have to see if any Medicare For All news is enough to continue the decline.
Still trying to figure out if the bleeding has slowed. There's a really nice 38% retracement level around $72.11. I know the sector is still getting legislative threats, but this is pretty cheap near term.
Okay, semantics, no one said “need,” but a strategy based on trigger prices and volatility would “need” the spike based on previous visceral price moves. “I know a stock is going to trigger a retest back to 12 bucks” and “If I start buying thousands right here I win.”
The reverse split in 2011…normally they are meant to shore up prices and decrease volatility, but there were only more declines after until 2013. It’s not a big deal, just a consideration for share structure. It won’t impact the long-term investors.
Good Morning uksausage. I don’t really blend long-term investing potential with short-term trades, but I’ll give my opinion on both sides (that should stay separate).
Near-term
My short position relates to the very near term. $PLUG flagged for me because of a fundamentals-based screen combined with divergences between price and volume across CCI, MACD, and OBV after a three month run. Then when I added it to the watchlist, I saw the news releases having less effect on price. Without a large influx in volume or institutional buy-ins, the next couple weeks/month could see a price decrease. This is a set-up I use to flag small-cap speculative short plays. They tend to have runs on news, then they trickle off over several weeks. It’s not perfect, and sometimes I’m wrong. However, I just have be right a little over 65%. $PLUG’s run on a good quarter might continue, so if the technicals point that way I’ll cut and focus on other plays.
Long-term
I like perspectives in this room on future potential. $PLUG has shipped units, and I’ll be interested to see the long-term performance of those units and the agreements play out. As far as speculative energy plays go, PLUG has the revenue growth edge above Ballard and Fuel Cell. Diversifying between all three is just a way to take advantage of alternative energy sector growth, but I’m not in that arena until the oil production boom starts slowing or regulation starts limiting fossil fuels. My concerns for PLUG’s for long-term potential relate to scalability of manufacturing as with any emerging tech-based manufacturing company, but that really comes down to monitoring operating costs and debt/share equity-financed expansion. I have no doubt this company has promise down the line, but I would want to see their fundamentals evolve more before I buy and hold.
The seven years comment was primarily related to a comment about just needing a spike back to $12 to make a lot of money like the spike before, or the one before that. That's kind of blending long-term price analysis with short-term trading strategies, and it's something I avoid. I can't use pieces of a long-term chart for spikes and ignore the overall decline and split.
I probably won’t touch $PLUG again unless it hits a short screen again or it hits a long screen for growth fundamentals. My investing mentality is basically to build a risk-weighted portfolio of longs (small number of which are speculative), and short when the probability and risk are acceptable.
I hope this clears up my stance. I just wanted to make sure long-term investors understand their risk strategy and the delineation for day traders vs. investors.
RaptureSpecialist: Ad hominem points to emotion-based logic and taking things a little personal. See ya, dude. GOOOOD LUCK! I’m gonna go close out the shorts on $SMSI and leave this one in place, then pop a beer for market close.
scubastevemd: It was a pleasure seeing your inputs and perspective on the long play, and I’ll definitely look to the long-term watchlist potential after my near-term either plays out or breaks above and I cut the losses early.
Okay…I understand more now. There might be a perception problem or a complete misunderstanding of risk management vs. “fear.” And the lottery comment was more related to buying a bunch and waiting for profit while yelling “GIDDY UP GO GO GO BUY NOW” from a digital mountain top (or mole hill). Traders, whether swing, day, or contrarian, should be short-sighted whether it’s long or short since they are trying to beat the index with short-term holdings. If you put $20k in this company and hope it triples in five years, that’s taking on way too much risk to barely outperform the S&P. Especially, with the downside potential. One might as well just by a tech-based fund and let them handle your risk.
Just so you know, fear and capital risk management are completely different. I don’t have fear or hope, I feel nothing except hungry at dinner. I just run numbers and try to get to a level of acceptable risk. I guess my only real fear is for people following a pump based on no analysis, so I felt the need to give the opposing view to yours. My long positions are based on the same kind of analysis from my first post, the numbers just look a lot better with calculated risk-weighted return estimates. I hope everyone following your pump understands the possibility of dilution or another company grabbing market share is extremely high.
Good luck with all that. I’m only here for the short-term moves, and if this move plays out, I’ll probably never look back at $PLUG until it hits a screener again…whether long or short.
Haha. Ambulance Chaser...You're my new favorite "Pumper."
Gotta few short plays running against other micro-cap speculation, but I'll be watching this one a little closer.
I've given my thoughts and analysis.
As the Zen master says, "We'll see."
Oh..I totally missed the atmosphere in the room. I can now say I was wrong.
If the play/pump is based on a lottery mentality ignoring share structure, debt, actual forecasts, and waiting for a black swan event every seven years like locusts hatching…
Then disregard everything I said.
Here's to the lottery! May we all win, and Buy More, Lots More. GIDDY UP PUMP GO GO GO and all that crap.
Now for reality.
If it’s not lottery-based, then I would hope a speculator would also have holdings with $FCEL and $BLDP to capitalize on the sector growth and piggy-back on the institutional speculation. The speculation trade is a burn-rate game, not a waiting game. Treat it like a speculative biotech, in that you’re hoping for a meaningful win and a buy-out before the 100s of millions are burned through.
The last time there was a meaningful presence above $12 was pre-split. The last hit around $12 was actually $11.49 open with a one day decline to $5.95. This type of day can be tough for executing a sell order for profits, and the move down is fast-enough that level 2 stack goes out the window and hope the small trader can get filled.
Short Position Mentality: I’ll start by saying I could be 100% wrong. The pump comments basically amount to hopes, anticipation of future revenue/growth, continuing price explosions, super-positive speculative interpretations of lackluster news releases, ect. Most people in these forums are looking for short-term visceral moves in price in the near-term, while a few might be in it for years down the road. With that in mind, I can shed a little light on the short mentality I have and am currently working with vertical put spreads. Keep in mind short traders have expiration dates, so we rarely focus on where a company will be 11 months from now or when Amazon or Alphabet will buy this money pit of research and development.
If based on fundamental analysis:
The ROI, ROE, are ROA horrible. The 11.6% increase in quarterly revenue is great, but it was accompanied by 21.79% decrease in net income to -$78mil. All this while quarterly Total equity doubled. The quarterly call brought up some really great questions (especially from Roth Capital) about future growth and deals that were answered ambiguously.
If based on technical Analysis: Divergence of CCI from upward price movement, tipping of OBV, trickling down Money Flow Index, divergence of MACD to upward price movement, and a previous top in 2017 around $3.00 are pointing to a decline. If you’re a mean reversion kinda trader, then you’re looking at a Fibonacci retracement down to the $1.90s. The run already happened…$1.40 to $2.60, and swing traders are taking their profits for sure.
Again…I could be wrong, but it does take people losing money for me to make money.
And always remember shorts have expiration dates, and longs can hold forever. Short-traders are not saying this won't be a great company, they're just saying in the near-term, it'll most likely dip down. Be careful not to blend long-term speculation with short-term analysis. It tends to crush people.
GLTA and I hope the wishes come true. I just do probability and risk-based mathematics.
$AMD Not to say past moves are always reliable, but this looks very much like the May gap down and retracement after bouncing off the 20 RSI. Cautious optimism. GLTA
It's going to be nice when they release some of the test results. Even nicer when they implement AMD chips in their manufacturing process. The forecast from the quarterly has definitely taken it's toll. GLTA
Can't wait for the call. Would love to see what new direction the leadership has for this beaten down biotech.
https://viralstyle.com/c/wEJJ1?
Thanks for all the hard work and analysis.
https://viralstyle.com/c/wEJJ1?title=John+Galt&utm_campaign=John Galt Capitalism&utm_term=Capitalist
Motley had an okay explanation blaming cash profit reduction and shipping amounts. I just thought U.S. Steel's announcement simply dragged down the sector. Hard to say, but I'm still in for now.
Might be okay. These low floater can have 2 or 3-day runs with good news.
I was less concerned about the sales figures considering their reported gross profit jumped almost 3X.
$AKS 2016 10k posted. Should be an interesting open since the price crossed above 20 SMA.
$KOOL Wow. FDA approval came through. A little unexpected on my end. Now to see if people sell into the spike or let this low floater run for the morning.
Taking the profits from pre-market... Not to say this won't keep pressing, I just won't be able to watch it close enough. Merry Christmas!!!
Only recent activity is a lot of insider buying. Haven't seen anything related to RS or anything detrimental to a short-term spike. Seems to hold .55 support well with that test of .62 earlier. I would like to see that .62 resistance break with the next resistance around .85.
Trailing stop got me out in the morning jump. Thinking I'll take that and wait for the Fed meeting to set some new or continuing trends.
Saw the Times mention on Trump's thought about drug prices the same time as the Research Bill...definitely weird action.
Bill passed, up for Obama's approval tomorrow. Could be good for a quick news flip on LABU.