Plug Power Inc (PLUG)

[umiak]

Whatever some say about $1.50, it is disingenuous to ignore the fact $1.50 is first support for closing the gap last April. IF one’s view is bearish and given no reason of substance to change it then it is reasonable to place a neutral or short bet that glaring technical weakness will be monetized. The company has numerous ways to blow up that view, but bears are probably making the calculation time is on their side for now. Only time will tell, I’m neutral so wait for further drop, good news or invest elsewhere. Jmo