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Plug Power Inc. Message Board

  • solostockshark solostockshark Sep 18, 2013 11:12 AM Flag

    Price Action Right now

    This stock is having trouble attracting new buyers thanks to the aggressive beat down by the offering purchasers.

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    • Just spoke to investor relations at Plug Power ... I was told that it will be very unlikely that they reach 1 dollar for 10 trading days by October 7th. The lady told me that they will have a hearing in which they are almost certain they will get an extension for 180 days to get over 1 dollar.

      She said that they have an entire presentations that will prove their future success.

      Is this a good time to sell? ... Once the report comes out that they will not reach the 1 dollar mark/10 days I am sure the stock price will drop, but if they get that extension it should come shooting back up.

      Any thoughts?

    • I'd suggest that the price weakness is due to too many people still familiar with the previous RS combined with the imminent threat of a new RS coupled with the recent events that reek of desperate measures to entice new buyers. I for one am not in a hurry to get burned twice on foolish board actions. My 40k shares, turned into 4k, requires me to have a $13+ break even price. Why make things worse by buying more unstable stock. If Andy Marsh would file papers declaring absolutely no RS, then I imagine the price would shoot up over a dollar in a week. There's just no trust right now.

      Sentiment: Hold

    • Lets see if they beat it down so bad they make it unprofitable for themselves and dip below .54

2.12+0.05(+2.42%)Nov 27 1:00 PMEST