Replies to post #52766 on FuelCell Energy Inc (FCEL)

[Hoghead7]

That is funny I thought I was the only one that remembered it. Overbought overbought overbought overbought as it went up an average of over 20% every single week.

[hopester]

It was clearly overbought. T/A 101- A stock may be overbought and become even more overbought.
If technical aalysis were followed it should have been sold when I said it was dangerously overbought.
Any one who didn't buy on the breakout missed an opportunity. Anyone who didn't see the breakout missed it as well. Anyone who didn't see the breakdown at below $29 again missed a huge opportunity Anyone who didn't sell on the $29 breakdown missed another opportunity. Anyone sitting with the stock now rode it down to $4.00.
Don't know what research went into that, but obviously it wasn't a good chart or was read wrong.

While dedicated longs were buying dips, trying to catch the bottom 8 times, the stock continued its way to $$2.43 intraday low. I called it, the charts showed it. The professional analysts said SELL. The results are there.
8 DEAD CAT BOUNCES. 8 FAILED CALLS to BUY.
Every excuse in the book was given. Manipulation-Accumulation-Shorts- Light Volume- Nothing Fundamental- Institutions Loading up. Name it. And the market ignored all of it.
T/A and Fundamentals matter. SO DO THE RESULTS !