Plug Power Inc (PLUG)

[tikotiko]

Yes, I also based my post on the fact that the SP has rebounded nicely every time it touches the 50 SMA during the last 3 months. Hence, my initial plan was to first buy at or just under $3. As I mentioned however, I also suspected that for the recent negative news could cause an extra dip and a lower bottom. Today’s announcement of the public offering for $2.75 tends to strengthen this suspicion, as it will try to pull the SP lower than $3. I am eager to enter, so I will probably buy in a few batches, but I will wait a bit until the dust settles after this new announcement. Tomorrow should be interesting.