Plug Power Inc (PLUG)

[Jack_Bolander]

B_B - A short squeeze is Not really possible. As you have regularly posted, Short Interest has been steadily growing, but only a small fraction of the cumulative short interest is anywhere close to today's numbers.. Shorts sell high, and Under $8.00 is NOT High. So most shorts have made their money and are just staying on for the ride. The trend (DOWN) is our friend.

PLUG has fallen from $75 to $6.50; a greater than 10-X drop in the share value and exactly 10-X from the last Secondary... There is a lot of selling going on, smart sellers are selling into the rallies, which is why EVERY RALLY has faded in the past 2 to 3 years. Therefore Shorts have little downside risk.

Now the kicker. PLUG is DOWN 65% on the Year. This means Tax Loss Selling, unless we see a substantial rally in October. At today's levels, the end of year selling will be epic.

Now the BAD kicker: When tax loss selling LONGS actually want to share price to go down in order to maximize the losses. Which is why Tax loss selling is so notorious.