Replies to post #32990 on Plug Power Inc (PLUG)

[drugmanrx]

The price has no personal importance to me.

From my DD of PLUG over the last year unless something dramatic changes (profits, becoming self sustaining with out the need to borrow or dilute to stay in business) this is what IMHO is fair value for the position.

Really no difference than someone looking at PLUG and in their own opinion sees $5.00 a share by the end of the year.

At this time I have no stake in PLUG holding or shorting.

Again IMHO, if the company can meet it guidance and actually make money without losing money to do it then I might get in.

But at these prices and current company circumstances I think PLUG is way over valued and will sit back and wait to see what I believe will be the bottom before doing so.

Hope this settles your curiousity

Drug

PS

For all current PLUG holders I hope my analysis is wrong. I hate to see any one lose money.

[umiak]

Whatever some say about $1.50, it is disingenuous to ignore the fact $1.50 is first support for closing the gap last April. IF one’s view is bearish and given no reason of substance to change it then it is reasonable to place a neutral or short bet that glaring technical weakness will be monetized. The company has numerous ways to blow up that view, but bears are probably making the calculation time is on their side for now. Only time will tell, I’m neutral so wait for further drop, good news or invest elsewhere. Jmo