FuelCell Energy Inc (FCEL)

[igotthemojo]

Everyone was expecting .75 this time…and they got it…it wasn’t the increase that caused the drop…it was what Powell stated…

People were hoping that the rates would rise and then they would be cut…they were hoping for no recession or a short one…Powell took a sledge hammer and beat those hopes to death…

The market has been propped up for far too long…it won’t be anymore…it may bounce a bit off the June lows…but then it will head down past those lows…way past…many are starting to understand that a recession is here and will not be short and will be fairly severe…and it will be worldwide…earnings of companies will drop…some will drop like a rock…

I don’t see penny stocks like fcel, that can’t seem to get out of their own way, faring very well…I also see many big projects being postponed or cancelled…no matter how important they seemed when they were made…

If fcel’s revenues slow down and that is expected to last a while, will they be willing to risk tens of millions of dollars to get involved in big projects that are a big “maybe”?….assuming those big projects would still exist…

Time to come grips with reality…