posted
I think your summary is a little off, this is a pretty risky pullback considering it is an alternative energy company.
I think it is a great swing candidate: it makes small but predictable runs and then pulls back; but trust me, in the Albany, NY, area, PLUG is the next coming of christ and people up here (many of whom owned it at $150/share0, believe it will come back and continue to hold it for the long run. I would not buy this stock right now, because its pattern is to pullback, but one of these times it will just keep going up, and the news released this week was very positive for the company.
Personally, I have taken a very rigid approach to "milking" this stock. Every time it drops below 5.50 I buy and every time it goes above 6.50, I sell after the first day it drops. I am still holding during this run because I have not seen a serious enough pullback.
posted
Oh Baby, you caught my sweet tooth. PLUG has been my all time favorite stock. I have been watching and playing it since 2001. I know how it moves and I called PLUG to go up on Feb 14th at $5.30. Now at $7.37 +40%, I can tell you one thing,..It's not done.
It might lose steam now, but it won't see the 5 or 6 dollar mark. PLUG tends to move up 50+% after it hits the $5 range. Then drops when it reaches about the $8.00 range. But this time might be different.
When I found out that Pres. Bush Budget called for $250 million to go to fuel cell industry, I knew PLUG would move.
Aside from being funded, they've acheived so many milestones.
Keep an eye on this. Let it retrace a bit, play your shorts good but keep a close eye on it.
-------------------- Charts are like artwork, it's the same painting to everyone but each person see's something different.
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posted
I see they are getting ready to report and their stock has went down. Isnt that usually a sign of a bad quarter? Like someone knows something that we dont. I have been wanting to play this company for a while but am concerned with the market we are in right now that there still could be a lot of down side. Just a thought.
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