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Tuesday, March 11, 2014 4:25:19 PM
I find it highly suspicious that the ultra negative, over the top report on PLUG was timed right after the better than expected FCEL earnings last night and just 2 days before PLUG earnings. PLUG touched $11.72 before the hit piece came out. PLUG might have went past $15 based on the momentum it was riding.
You don't think some big players had invested heavily on the Short side on PLUG after this recent run-up and saw they were about to get crushed? Sure smells that way to me. Citron got on CNBC and said it was worth .50 cents? C'mon. That seemed way over the top and motivated purely to provoke panic selling so somebody BIG could cover their shorts in big volume that was sure to come. Reminds me of the Muddy Waters way over the top hit piece on NQ Mobile last year.
OTC markets are considered dens of thieves and robbers...and I totally understand why considering the history. But really we have examples all the time where the whole market seems like that at various juntures. Nasdaq, NYSE, AMEX, OTC, doesn't matter.
Just have to be selective and careful to the best of one's ability.
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