Quote " Institutions own 45.48% of FCEL" They'd have a tough time explaining why based upon the results they have. Shareholders are scratching their heads over the continuous losses and performance.
"Accumulation" does not ever occur on a 50% drop over a year. Fcel dropped 50% in 2022 underperforming all indices by a wide margin. Accumulation occurs during the bottoming process of a stock. It is seen by observing any chart which shows a refusal of a stock to make new lows and moves laterally.
The institutions have not by any definition " accumulated" the stock. They simply compounded their mistake by continuing to buy shares as it dropped . Nothing is shown as accumulation. What is obvious is "Distribution" . That's evident as the stock went lower as the Institutions increased holdings. " Institutions are going for control" That's ludicrous! Fund mgmt money are not permitted to " control" a company. Read the BY Laws. When the institutional holdings come out at the end of January I'd be surprised if their holdings were dramatically reduced. The embarassement of showing the losses to shareholders would not auger well . The assumptions defy credulity. BS at its best.
Once again; There is no patterns in the charts that could be justified as Accumulation. No lateral movement , no higher highs, continuous lower lows as the A/D line shows. There is however noticeable Distribution as lower lows continued to be made from the high for 1 year. Accumulation and Distribution patterns are recognized by Technical Analysts as defined in many T/A manuals and books. Its widely accepted and used as a tool. The "BIG BOYS" known professionally as Institutions made a bad investment when they continued to buy FCEL on the way down. It violated Technical principles.Easy to recognize the poor investment choice by looking at the result which shows the stock barely over $3.00.
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