FuelCell Energy Inc (FCEL)

[goodfela58]

I will say this. The price action the last couple of days was very odd. With every bid the ask was right above it and it was stacked by different market makers. It was an obvious coordinated effort to keep the price down. The big question is why?

I guess the most logical choice would be a short attack but whoever was behind it had a lot had a lot of shares and stands to profit nicely from their efforts.

If it wasn’t a short attack then there are a couple of other scenarios. Dilution would be one but if it was dilution you tend to see more and bigger chunks of sales in to the bid. You don’t typically see the asks stacked like they were right above the bid.

Another possibility is that someone wanted to load shares cheap. If this was the case, that might explain the level 2 action but regardless it seemed like manipulation.