Can't give you a target low. The avg px analyst have on it is $1.48 with the low of $1.00.
According to Peter Lynch ( highly respected on Wall Street) his formula says FCEL has a negative worth which means it could go much lower but not necessarily.
In effect, there's little or no fundamental reason to own the stock at all. That's been the case for years. The company's results confirm it.
Terchnically its trend continues decidedly down.
So what a Bull is left with is a bad gamble. History proves that as those same Bulls bought every drop only to see the stock go lower.
A couple of them on this board have no understanding or appreciation of fundamentals or T/A. There results prove that.
When the fundamentals change and the technicals line up, it'll be a time to be serious about owning shares. Right now, FCEL is selling shares into the market.
How's that for confidence?
Best advice is to sit on what you have and cross your fingers. Avoid what you hear from te pushers.
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