Typical reaction by investors after update of FCEL's Shelf Registration
Yesterday FCEL's shelf registration was updated (SEC filing of Form S-3/A). What you saw yesterday was again a modest pullback by investors not knowing that this registration gets updated frequently at FCEL.
And again my statement: FCEL is a company with a great backlog (2 years of full-time work). Any news about big orders coming in in the next months will only add up to their backlog and provides the company continuation of labour for more years. Also one must be aware that FCEL does not sell cars. They sell utilities that considering their projected lifespan and use will always be a long-term decision for the buyer.
After they ramp-up their business in the USA, they will become profitable and they will be one of the first to do so in this sector.
the rally up to $1.64 hi way great...Market Makers are there to make a market for the stock..@ $1.25 a steal ? I believe it was a steal at .88cents Right now I would watch closely the RSI/MACD&/Full Stoch...when they hit the pits 30 on the RSI/subline on MACD & below 20 on Full Stoch...that is the true steal...without profits watch the charts esp, without any new deal news. not calling where...just saying...when the charts bottom...buy it.