FuelCell Energy Inc (FCEL)

[hopester]

The volume of the unabated drop is w/o a doubt institutional selling. The remainder is some retail buying believing the px is low enough to avg down their losses. The supporters are so little in number they have little effect in slowing the decline.
What the Bulls will say is it's all manipulation and shorting. This has been their reasoning for 3 years beginning when the stock hit its high of $29.30. They gave no credence to the factual reasons which are fundamentals , technicals and professional research. They closed their eyes to any information which was at odds with their misguided thinking.
MANIPULATION- Ask yourself this; Can a stocks unabated decline with fundamentals to support it, be so manipulated without preventing it by buyers to prevent it........... for 3 years.
Shorts- The success of shorts can only be where there are reasons for its non-stop shorting. There have been no fundamentals to prevent the shorts from being right for all of 3 years.
Again, the Bulls put a blind eye to any sound reasoning and find factless excuses for the decline.
FEW allowed this to happen. He has given no reason for investors to believe it will not continue. No NEWS, no substantive announcement, no confidence to investors. As the CEO, and since his tenure, the company continued to show poor results. Nothing is expected to change for at least 5 more years. But the millions in pay goes on.