Replies to post #42061 on Plug Power Inc (PLUG)

[Good Timer]

Understanding history helps us understand the present.

On 8/11, PLUG announced a $300 million public offering with the stock closing at $11.31. The closing price of the offering was $10.25; an 8% discount over the announcement price. The stock price dipped to $10.11 the day after the announcement, or about a 10% drop.

Six trading days after the announcement, the stock closed at $13.65 or 20% higher than it did the day the public offering was announced.

If we were to follow the same pattern: The offering price should be about $23 and, in six trading days, the stock would close at $30.

I could live with that.

[Garyedward71]

It's clock work on the NASDAQ exchange. And especially Plug & Gevo good news is just a smokescreen to raise more money by shelf offerings. That is basically the only reason common shares exist. Most of the time when a stock spikes you have minutes to ride the wave and sell before the crash. CEOs are supposed to represent the shareholders. This company company has Pulled off reverse split 1 after another. Look it up Bernie Maddof created the whole concept and trading platform we know as NASDAQ.