Innocent newcomers to investing have been played like a fiddle by day traders on PLUG, up and down, down and up and on into infinity. PLUG is not a stock to buy and hold unless you are looking for a capital loss writeoff. Orders are irrelevant, profit margins are what counts. Any company can get massive orders to impress by cutting profit margins but then that company has to produce that product at below order price in order to make a profit. PLUG has not been able to do that for ten years. Enough said. More to a fool is just wasted.
Sentiment: Strong Sell
I have not been able to keep up with the multiple announcements regarding the sale but did just read that everything should be consummated by July 31 or sooner at which time the stock will be delisted. Does anyone here know when we will receive payment for the sale of our shares? I am assuming that five days after the stock is taken off the NYSE and Petro has taken possession but I may be wrong. Anybody?
It's over in my opinion. In spite of EQU probably now worth more than the buyout price it seems enough big holders have fallen in line although it also seems the insider special bonuses are not as popular. No matter how the votes come out on the special insider bonuses it appears that they are fairly inconsequential since the insiders will have the final word. Although I remain against the buyout as it is I honestly will be glad to get rid of this lazy dog at a time when there is more money to make in other markets. Like a divorce, the first of my affair with EQU was exciting with all kinds of good expectations but as the marriage went on and on it got pretty boring with very few times I got excited in bed with EQU. It is now just a body lying there getting older. I'll hold until the buyout and now assume my class-action activity will go no where. I really don't care about that either. I won in a class-action against VTSS five years ago, stock and a cash settlement. I have yet to see a cent. I won a class action against Biovail and also got nothing. Class-actions have become laughable. The only one I ever got a cent from was one re. renting Hertz cars in California. I got a check for nine dollars. It's time to have a funeral for EQU and move on.
Why did you just sign on less than five days ago and all of your posts are negative? If you held the stock as an investment then you would want it to go up. You want it to go down so your ploy is obvious. You either want the stock at a lower price as an investment or you bought in short and you need it to go down to keep from having to cover later at a higher price. In both cases you have a motive that does not benefit shareholders. Go away.
I did not get a prospectus although two minutes ago I got a call from Canada asking me for my vote. The woman sounded like a company woman. I have owned 15,000 shares for a long, long time and informed her that I not only would vote against the buyout but also against the insider special bonuses ripoff and that I was part of a legal action against the company. She continued to try to convince me and I asked why vote for a 5.43 buyout when the price closed yesterday at 5.42. She dangled a very small carrot reply and said I would get a .05 payback for my lost dividend of the past. It sounds like management is getting desperate to close the deal and walk off with their loot. All of the above is absolutely true. Time will tell but for now a six cent per share gain is so small that since I like to gamble and I despise insider deals, I'm out.
You win the prize. The biggest braggart of the day. Congratulations.
How dumb bubbleskey is to think that anyone would not see he is just a day trader trying to pump up the price so he can sell you his small holding. Anyone like him that has made 1133 posts in the last month cannot be taken seriously.
nyguy--947 posts since May 7. Does that maybe make you a little suspicious of this guy's pumps? He apparently has no life except trying to influence you to buy. Ask yourself why.
First, "There is more institutions holders" only shows that manmillion is not that educated or else he would have written "There are more institutional holders". Secondly in the followup post from acegolfman he states that big mutual funds are buying in now. Apparently he is not aware that major mutual funds have strict rules against buying stocks priced under five dollars. Obviously the pumper posters here are not as smart as they want you to believe.
nyguy has posted here on this site 803 times in the last 28 days, all with "strong buy" recommendations. Do you really believe somebody that has nothing to do but pump one stock 803 times in twenty-eight days, twenty market days averaging forty (forty) posts each open market day, is someone to listen to?
So, can you inform all of us what institutions are buying in large block numbers or are you just a true bull s$$$$er? I know. You are a true piece of misinformation. If not, please, inform all of us the institutions and their bought shares. Will you? No. Then all the amateur buyers will learn who they listen to and save their hard earned investments.
I find it hard to believe that apparently there are still people thinking that this is a good stock to own when the fact is that it is a continuing loss leader with minimal orders but any minute a belief that a phenomenal order will be announced which in fact wouldn't be able to be filled because of the limited capacity to build the products anyway. PLUG will take any order at any price, undercutting competitors, in order to keep price temporarily up and elate investors. Having low bid only assures that there will be no profit margin such is still happening with the stock. When any stock consistently loses money while the general stock markets are rising only indicates PLUG investor money is in the wrong place. You could be making money somewhere else and collecting dividends at the same time. Instead you religiously wait for the new coming for PLUG. You will lose your retirement savings if you keep hoping for a miracle.
Earnings out on Wednesday so something one way another is closeby. No matter how much pump PLUG publishes it had better hold true because I guarantee their are legal people looking at it.
Short interest has nothing to do with the dilemma going on with PLUG. Even the slightest sign of anything good happening gets all you pumpers excited such as the 182 fuel cell order, a miniscule order equivalent to finding out that Walmart sold an extra thousand gallons of milk. Investors are afraid of the coming debt load payments and what happens when the government subsidies to companies buying alternative energy sources dries up. With a sustained price under five dollars most mutual funds are unable to buy PLUG which dries up a huge market. Under one dollar is delisting. PLUG is working in an area repugnant to funds and with delisting looming down the road. The problem is not short interest or shorting at all. It is the fact that people are becoming wary of buying.
PLUG has never had a profit but it raises more and more money to keep going, to keep price up so it wouldn't have to be delisted like six months ago for a price under one dollar. Most of the praying owners of the stock probably have their early life's saving into it because it was pumped up as a one-in-a-lifetime chance to become rich. Becoming rich is about saving and then investing in a stock with a history of good leadership and good profits. For most of you investing in PLUG it is about as smart as going to Vegas and betting all you own on one hand of blackjack even though the hand you were dealt is something you don't know the odds of, you have never played blackjack before. When you listen or read something about a stock then know that someone wants you to buy or sell it so they can take your dollars. Many of you will lose all you own. You went to Vegas to gamble but had no idea about the rules. This stock has no background or any future. It is leveraged so much that it will not be able to pay off the debt, it will be a house of cards and you might own one of those cards. Daytraders will be able to move the stock up and down and up and down and you may think that those ups will be the beginning of your bonanza. Really, those downs will be your demise. Wait and see.
I have no financial interest in PLUG and never have. I have traded stocks successfully for fifty years and I feel sorry for people like Jenny who were sucked in by all the hype from daytraders that kept pumping this stock of no value. It has never made a profit. Sales to customers were only made because the customers got federal subsidies to purchase them. The orders that pumpers here claimed were so huge were not huge at all and PLUG at the time of getting the orders did not have the manufacturing capacity to fulfill those orders. PLUG subsequently had to borrow money, more money than they even already owed, to purchase and hire enough assets to try to fulfill those orders, orders that probably will have no profit margins at all. PLUG was a $.15 stock a year ago. Nobody with investing experience would want to buy a fifteen cent stock for ten dollars a year later. It is still a fifteen cent stock. For you Jenny, I am sorry you got taken. Next time you and your husband should know something about the stock before you buy it. There are thousands of good stocks that pay dividends. PLUG is not one of them. I would sell as quickly as I could. Preserve what capital you have and don't give up on stocks, just buy bigger and profitable stocks with good histories next time and don't gamble trying to make a big hit all at once. While you are losing money someone else sold you your stock and they made money. Some post here telling you and others to buy. Don't get taken again.
I doubt if this guy even knows what a short is. Apparently shorts are the only reason that this one dollar stock isn't worth ten dollars to some amateurs.