Seriously, a year ago PLUG was $18 dollars a share! Do you really want to compare. Charts are one thing, financials are another. When you have to spent $3 for a product you sell for $1 it is not gonna work. I have been long on Plug for some time, however you can't get away from the cash burn they have. tThe lack of management is enough to make the most seasoned investor run for the hills. I would much rather at this point in time see them partnered Exxon. You know a company that actually has cash. The new fraud suit isn't going to help either.
" It was said FCEL wouldn't dilute" Whoever thought that is off their rocker. They're diluting already ! There is little doubt that they sold shares into the recent pop; That's what they were waiting for. And they'll continue on the next bounce. Ironic isn't it? They, in effect become SELLERS while HOGWASH bought call options ( he proudly announced) at the top of that $1.82 bounce..... proving once more to be a Contrary Indicator. The big bet by institutions went sour. They're licking their wounds and drowning in losses. I'm not hearing much from the permaBulls on the FCEL board lately. Even Hogwash was quiet Friday after the 10th consecutive drop.. The best he could come up with is " The market doesn't understand the "potential" FCEL has. I answered that by saying the current px of $1.21 is what the market gives to "potential". The rest is ZERO! There's one on every board.
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