No, it's simply profit taking from $11.03. Let the short term holders make their money and then volume will increase and so will the price. We live in a traders world and not so much in an investors world. There is nothing wrong with the company.
Plug grew 50 % in14-15-16 in revenues. Their 2016 goal is to lose 20 million dollars. I bought into this growth story until it finely hit me today ( duh ) they have never articulated a path to profitability.( Dr. Philip Frost ,CEO of Opko, said this is the best company he ever worked with and told interviewers the best way he knew how to back this statement up was to put his money where his mouth was. Check out the millions he invested in Opko.) So Andy or Paul, you have both made good salaries from Plug shareholders, just curious, are you and the board willing to put your money where you mouth is. When are you going to articulate how you are going to make Plug profitable and when? Folks, until this question is answered Plug is just a pipe dream. Not suggesting you sell, just get an answer before you buy.
Sorry for the misspelling. I agree with you ,however it will take more dd from future investors to understand the new numbers. Let's hope not to long. Lisa did an excellent job with her explanation.
Tsem changing their accounting should make Linininisreal happy. Let's hope his prediction of Tsem changing will eliminate doubts and get Tsem moving upward. So far, not so much.
There is only 4 days to cover. A cc above expectations with a share price this low could make the shorts saying to themselves the stock has bottomed. Time to move on to more fertile stocks. JMO
Tsem has consistently beat estimates and come in on the high side of their own forecasts. I think this could be their time to get this stock moving. My guess is 280 million and .80/share, or more. If this works the price should hit $ 14 on Monday on the way to $20+ by the end of the year.