raising $40 million dollars takes months...this has been in the works for a while. One cannot secure a big contract and be under-capitalized to commence activities. It certainly will tilt the needle out of a company's favor when it is time to award a decision as to who wins the Beacon Falls project if you are under capitalized. You cannot win a portion of a $500 million contract if you are financially under duress. Things don't work that way in the business world. You never receive a project award while you are financially incapable of funding it.
If you don't buy the #$%$ that market makers inflict longs to get weak and vice versa, then you must have missed the last 2 trading days of which I was 100 percent correct.
one needs cash to build out these big expensive systems for infrastruture....this alleviates any worries about short term payments as cash levels and burn rate were being stressed. This stock is near all time lows, they now have over $2/sh in cash, are generating at all time highs for revenues, biggest partner is XOM and the potential for the start of carbon capture systems on the global network of power plants is within reach. If there was ever a time to invest in FCEL it would be now imo.
I'm realistically hoping for a rise towards $8 where this meets strong overhead resistance. This company still doesn't make money, so until they do, heady gains like that ($12) aren't in the picture...be ecstatic for a 50 percent return from these levels. Let's hope it works ou...at least they have some good coin from the offering.
this is the result of the dilutive offerring...I'm guessing around $5.20 will be the bottom before this starts to reverse course in anticipation of the Beacon Falls announcement.
this stock is priced exactly where it was immediately prior to the last earnings release before the poor guidance. What's wrong with this picture if a stock keeps going up on bad numbers and estimates...add in any detrimental effects from Brexit along with a weak global environment and that leaves plenty of room for skepticism at the current levels.
who's short? Nothing goes straight up and there is plenty of time for the institutions to jerk the price around to drop weak longs and empower the short buyers. IMO, this stock needs all the shorts it can get to help facilitate any strong northerly moves. Add in a stock market that has basically run straight up for 2 consecutive weeks on nothing more than contrarian investing and a single good employment number and that leaves all stocks susceptible to some profit taking.
I agree with most of your points...but yellen has bernanke's balls now and she constantly fondles them while digging a deeper hole for the economy.
no, I just think this had a nice run from the mid 18's and there are nor immediate catalysts until earnings on the 28th if they meet that deadline coupled with a seriously overbought market. I can see this trading below $22 this week, but as always, this is a difficult stock to predict.
resistance is generally in the $1360 area....this stock has rallied almost 17 percent off its' lows a couple weeks back. To think earnings going forward won't be impacted is ignorant imo. Sure, they might try to rally this further to break the shorts back, but I'm dipping my toes here looking for a pullback this week from these levels. A lot of pump articles coming out late to the party....the same people were yelling sell early post Brexit.
the real action will probably begin next tuesday, riding into the earnings.
that is a wildly heady estimate...32-40...those are millionaire making numbers if this stock reaches those marks. I'd love to see it,, but am skeptical of such a move in that short of a time frame.
bots working their magic.
otherwise, vrx would have most likely participated in this low volume wall st rally
next week, vrx will do what it wants...maybe even sell off mon/tuesday only to rally to new recovery highs by Friday
eat up all the premiums from the crazy short term call buyers, and then maybe run this another couple bucks next week. Barring a complete market meltdown, I see this trading above $25 by next friday.
this is the highest volume day since the single day selloff from 28...this isn't retail buying here...the volume has been substantial for the last month while this sat at the $20 level. This stock is down $215 from i10 months ago, and you think a $4 rally off of 6 year lows is a head fake with 47 million shares traded. This hits $28 before it ever hits $21...if it ever hits $21 again that is. You have been blinded by a year long massive selloff of epic proportions and refuse to see the turnaround in the stock price, I think you let the constant barrage of negative articles blind you to the fact that this was wildly oversold and is in much better shape than the media wants you to believe. Don't try and talk us out of our profits while you watch the boat sail away---you missed it and now you are mad.
i didn't know valeant even made drugs for paranoid delusional critters.