Replies to post #46875 on FuelCell Energy Inc (FCEL)

[Hoghead7]

Well I'm glad there's some rational people out there. The Thursday deadline has come and gone and we received the 8K filing and update regarding the relationship with Exxon Mobil, as repeatedly suggested would happened. Although it definitely was not as positive or good as it could have been, it was however significant enough to require an 8K filing, and reinforces the long-term relationship we have with Exxon Mobil. The update from the minutes posted earlier about the extension until the end of June for Groton was more discouraging. However, the volume pre-market was 3 to 4 times the average as of recently. Shorts and traders tried to slam this in the first hour and did a fair job taking profits of the 20% increase over the past 3 days. This has nothing to do with fundamentals or FuelCell Energy specifically. Volume has died off substantially and will likely end the day with lower volume than yesterday. It's just a matter of time, tick tock. For those following closely for any length of time my focus has never been mainly on ExxonMobil, it's been on multiple relationships, the incredible financial turnaround and establishing an amazing team to move the company forward.

[hopester]

So they extened the time line for another 8 months. What exactly does that accomplish ? Nothing!
The market shrugged off that news as a non-event. The stock broke the "imaginery support" of $4.50 which never was there, like a knife through butter.
The DEAD CAT BOUNCE may have abruptly ended as the stock is once again looking at $4.00.
Where are the Buyers. Why hasn't the news bring in willing buyers?
The default answer will be to blame it on the whole down market. The real answer is the extension is a ho hum non event.

I give credit where credit is do. One good guess againt multiple bad ones is worthy of a credit.