Plug Power Inc (PLUG)

[uksausage]

Very weird trading today
I don't have or watch L2 to see why we dropped so much early on - it was either:
a) a big investor hitting their stop loss or
b) a big investor saying I'm going to try and grab some at a great price and the MMS walking down through retail stop losses to satisfy them

I know the markets are very weak but PLUG is essentially all US based selling to large retailers and car manufacturers and telecom companies. All pretty good businesses and not suffering any slow down as indicated by recent car sales reports.

Tempted to buy down here especially as it may climb into the business update on the 28th but would rather wait for that and then commit big time. My cash is n other smaller stocks which are waiting for significant news.