Wednesday, May 08, 2024 1:50:57 PM
apparently you are new to investing and dont understand the vernacular...i dont have the time to teach you...
"But you leave out the fact that this stock went from 0.13 cents to $29."
it was 4 years ago...and when a stock drops from 29 bucks to 72 cents over the previous 4 years, its really irrelevant what it did 5 years ago...you cant trade the past...
" How did it get to $29?"
i was here when it did that...i made a ton of money because i understood it was rising on nothing but hype over biden's talk of pouring trillions of dollars into alternative energy...but as everyone should have known, the fed gov doesnt move fast...i posted back then that there would be very little of that money dispensed for years to come...to me that meant that the hype would stop and then would come the drop...
i bought at around 4 bucks per share and sold in the mid 20's....didnt catch the bottom and didnt sell the high...but still made a ton of money...and when the drop started, i made money shorting the stock...but i just sold short and covered every so often...didnt make near as much money shorting but it was decent...
and i have traded fcel many times since...i have posted when i bought and sold many times...they werent all profitable...i got fooled a few times...it happens...
"All similar stocks went down with the Fed tightening of interest rates."
you keep wanting to relate everything to interest rates...the climb to 29 and the drop to 73 cents has nothing to do with interest rates...its just really crappy performance by the company...
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