Replies to post #27212 on Plug Power Inc (PLUG)

[cfljmljfl]

Budmgd are you the same Budmgd posting under Budmgd on Fnma IHUB MB ? Or are you the other Budmgd posting as Budmgd on the IHUB Fnma MB ?

[Big daddy wags]

Not bloody likely!! PLUG has way too much going for it to go to pennies. Last several quarters demonstrate improving margins with a definite move toward breakeven. Next year profitability. By mid summer next year, PLUG will be mid teens or better. All IMHO of course!
$$$$$$$$$$$$$$
Go PLUG and giddyup!!!

[uksausage]

exactly why I posted yesterday when this thread started that the 12 month chart is set up perfectly for a bug move. My thesis is that the move will be strong to the upside but the descending wedge can break downwards.

no one can give me a business event that would cause that to happen where as I gave a number of reasons why a strong up ward movement is expected by years end but could be as soon as next week (based on the chart alone).

But he is also correct. The chart does look very bad. It has been in a descending triangle pattern since last NOV. If that floor around the 1.50 to 1.60 area ever breaks..this could go to pennies very quickly.

So I await the factors that can move the stock below the support line that is 12 months old. (excluding general market crash which many are predicting!)