FuelCell Energy Inc (FCEL)

[hopester]

Seems to me 2 major headwinds preventing the stock for going anywhere but lower.
1)The market is in no mood to invest in an exteme speculative stock like FCEL. Not while quality names become more attractive.
2) FCEL continues to dump shares on unaware investors thru thei 95,000,000 share dilution. Remember when the unaware denied they were selling shares in the last quarter. Then when FCEL announced they sold 18,500,000 shares into the market, the unaware were once again proven wrong. They need the cash desperately. Otherwise, why the offering near the lows.

The stock once again is Oversold. While there's some anemic support at $3.50 +/- it'll only support another DEAD CAT BOUNCE.... maybe.
No matter what you may hear from the Bulls they've been wrong for 14 months. Don't forget their record. History of inaccuracies is a good measure of what to expect going forward.
A month ago when the stock was $5.50 I stated the stock had a greater chance of going to $2.00 then it did going to $8.00. the Bulls said it was on its way to $8.00 after breaking $7.00. IT NEVER GOT CLOSE!!
After it hit $4.00 we heard it would go to $5.00 this past Monday or Tuesday.IT NEVER DID! Before that September was to be a game changing month " tick tock". IT HASN'T BEEN! I could go on with May-June-July-and August and for all of the 13 months with how failed projections proved itself.
Hopefully by now, many longs have seen through these failed projections and now focus their attention on research and advise with historical accurate track records.
Watch out. More of these will be coming in Oct-Nov and Dec..... just like it did last year when the stock was $12.00