He said " A child born today, will be driving a fuel cell vehicle" PLUG is on the move, partnering with Honda & also creating generators for homes. Fuel Cells use water and hydrogen to create electricty. PLUG was above $30 in 2001 and $125.00 in 2000..It is very attractive and a must buy now at $7.50!! I see this stock at $14 by end of April.
Use your own judgement but I'm in more!
Rememeber that northeast blackout last Fall? PLUG was trading at $3.75 before and then $8.00 that day of blackout. People were investing in fuel cell stocks big time!
VOG
quote:
Originally posted by Visions_of_Grandeur:
I agree with buying PLUG. But dont you think $14 by end of April could be considered slightly optimistic?VOG
Vision,
I am a Saggitarius, I'm always Optimistic! The glass is half full. I think once the 1st quarter earnings are out, which should be great, it should go to where it was before their 4th quarter earnings came out which wasn't so good, to $10+/-.. I seen the stock go up 5% here and there..Also seen a good .50-$1 on the day...So $14 is a nice number. Hopefully theres another big blackout. Then for sure we'll hit $14.
[This message has been edited by 1BigTip (edited March 27, 2004).]
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[This message has been edited by 1BigTip (edited March 29, 2004).]
quote:
Originally posted by 1BigTip:
Anyone watching this one or am I the only one profiting? This is 1 Big Tip! Told you when PLUG was at $7.15...Very secure company!
i've watching this for too long. got in at 20, avg down to 11. still waiting for the thing to make me a little bit of money.
definately beleive in the company and product. they are in bed with a lot of big companies.
The fuel cell, in order to supply electricity to a residence, needs to run 24 hrs a day, 7 days a week. How many appliances or other devices do you have in your home that runs continuosly all the time without failure? A refrigerator? clock? lightbulb?
To make a RELIABLE, AFFORDABLE fuel cell for homes will take a long, long, time. In autos, it only has to run for 2,000 hrs or so in its lifetime. In the home, it has to run over 8,000 hrs. a year.
Currently, the technology does not exist for membranes in the fuel cell to last that long without degradation to a large degree. That is why PLUG's demonstartion units are only contracted to run for a year. They are not capable of lasting longer without significant degradation of performance.
As for the back-up application, the fuel cell takes 30 secs to a minute to warm up. Batteries are used to bridge the difference. Most electric failures last <30 seconds. So in these cases, the fuel cell is useless.
As with any new technology, it will be a long wait before money will be made on fuel cells. So stop expecting the stock to shoot up on some exciting news. There is no exciting news. Just many more years of testing.
the good thing is that they are in bed with some big companies, working on interesting thinks.
So, what else do we have in this world that we all can make money in?
I suggest you read the news.. Why would they be building hydrogen gas stations if fuel cells are no good?
If you want quick money, right, find another investment, if you can't play the swings with fuel cells, find something else. You will make money in the long run!
quote:
Originally posted by timberman:
Something to consider. I found this on the yahoo message board. You can take it how you want but you may want to research and and find out for yourself before investing in fuel cell stocks. I personally find them interesting and would like to invest myself. After reading this I found that I'd better know a little more before I invest. Good luck. Here is the post.
All you Plug longs, think about this:The fuel cell, in order to supply electricity to a residence, needs to run 24 hrs a day, 7 days a week. How many appliances or other devices do you have in your home that runs continuosly all the time without failure? A refrigerator? clock? lightbulb?
To make a RELIABLE, AFFORDABLE fuel cell for homes will take a long, long, time. In autos, it only has to run for 2,000 hrs or so in its lifetime. In the home, it has to run over 8,000 hrs. a year.
Currently, the technology does not exist for membranes in the fuel cell to last that long without degradation to a large degree. That is why PLUG's demonstartion units are only contracted to run for a year. They are not capable of lasting longer without significant degradation of performance.
As for the back-up application, the fuel cell takes 30 secs to a minute to warm up. Batteries are used to bridge the difference. Most electric failures last <30 seconds. So in these cases, the fuel cell is useless.
As with any new technology, it will be a long wait before money will be made on fuel cells. So stop expecting the stock to shoot up on some exciting news. There is no exciting news. Just many more years of testing.
But, when the good ole QBID takes off, i'll be a better position to load of some stuff on the outside of the 401k.
I have working hard the last 3 yrs to get a nice nest egg for when i retire at 45. Now i am taking a little money here, a little there to trade a little riskier. I love a good gamble and here in south fl, the indian casinos don't offer blackjack and craps. so here i am, the newbie.
IMAGINE A WORLD WITH NO POWERLINES, NO SMOG, AND YOUR VERY OWN GENERATOR. THATS A VISION.
www.plugpower.com
quote:
Originally posted by Visions_of_Grandeur:
I agree with buying PLUG. But dont you think $14 by end of April could be considered slightly optimistic?VOG
Not optomistic!
-chuck
Alternative energy deffinately is on the front burner.. and yes I agree oil is something that we'd need to vere away from... now as far as house hold energy is concerned... WHY THE HELL (just an emphasis not me shouting at you) would you want to power your house on efficient batteries when there is the beautiful concept of Fussion Power out there... imagine.. being able to power Los Angelas for a week and your only exhaust is 4 pounds of helium... now if you want to throw darts at revolutionary energy tech.. Fussion power is whats going to make you rich if it hits.. Think about it.. if Fussion power is realized... you can kiss your fuel cells good bye.
[This message has been edited by 1BigTip (edited April 29, 2004).]
ALBANY, N.Y.--(BUSINESS WIRE)--April 22, 2004--First Albany Companies Inc. (Nasdaq: FACT - News) today announced the record and distribution dates for the special dividend of its holdings in Plug Power Inc. (Nasdaq: PLUG - News).
As previously announced, First Albany will distribute its holdings in Plug Power to its shareholders. The Board of Directors has fixed the dividend at one share of Plug Power stock for every seven shares of First Albany stock, payable on May 18, 2004 to shareholders of record as of May 4, 2004.
About First Albany
First Albany Companies Inc. is a leading institutionally focused independent investment bank and asset management firm. Through its Taxable Fixed-Income, Municipal and Equity Capital Markets divisions, the firm focuses on serving the institutional market, the growing corporate middle market and public institutions by providing its clients with strategic, research-based, innovative investment opportunities. First Albany offers a diverse range of products and advisory services in the areas of corporate and public finance as well as fixed income and equity sales and trading. FA Technology Ventures is a manager of venture capital for early and expansion stage companies in the emerging growth sectors of information and energy technology. FA Asset Management is an investment advisor to institutions and high net worth individuals. First Albany is traded on NASDAQ under the symbol FACT and today has 19 offices in 12 states.
This news release contains forward-looking statements, which are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.
--------------------------------------------------------------------------------
Contact:
First Albany Capital Inc., Albany
Steven Jenkins, 518-447-8500
or
Fleishman Hillard:
Al Bellenchia, 212-453-2256
or
Ben Tanner, 212-453-2301
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