Not really true about Apple. The IT is from Apple. They designed their 64-bit and 32-bit A series chips. They own and wrote their software and operating systems (OS X & iOS). They own and built several billion dollars server farms supplying their iTunes and iCloud services. They own and run Apple Stores all around the world. ... Apple isn't an empty suit. Apple earns real profits now. Amazon hopes to earn high margin profits some day.
At one time, Jim Cramer believed that all bank deposits were equal and at least go "buy a sweater" with the profits. Jim, is someone standing around with out a sweater or anything else on. (Sorry, scary picture that just needed to be said.)
The shorts are crushing everything else and only a squeeze here. Did you really believe Jim's "froth" story and the hope that PLUG would suffer to make Wall Street a better place to trade?
Oh the shame of "froth" profits being put in the bank.
PLUG is now the #15 in the NASDAQ Largest % Price Gainers.
Not a bad day for PLUG. Again!
Was the $354 stock value in 2001 "froth"? If that is where they want to take PLUG now, Yes, more "froth" please! I will take more than a 5000% profit from here. Isn't a stock's price based on the market or is it based on your belief on it's validity of not being "froth". How about we let the market set the price like they do for other extremely over priced stocks like Tesla Motors, Inc. (TSLA) that hasn't earned a profit yet either? It has a -.62 EPA and I can't see me buying here yet others keep buying it blindly because of what they think it will be some day years from now.
Jim, you do know that $7 is less than a tenth of PLUG's 2005 stock price.
Always in the past, Jim Cramer would state that the bank never asks what kind of profits you made that you are depositing in their bank. But now, is it "froth" from PLUG? It is Ok if it is "froth" from Tesla motors. Just can't be from a fuel cell. You know that 2 years from now the government subsidies will end. So, what does that have to do with PLUG at $7 a share when it has been at $11.50 in 2009 and $35 in 2008 and $61 in 2006 and $75 in 2005 and even higher before that. What did you say back then?
Jim Cramer did his magic. He said sell so it goes the other way. He started by trashing the run up as "froth" and said nothing about the $5.74 "registered offering" earlier in the day. Guess what the PLUG stock tanked to after hours. Yes, right around the "registered offering" price. He also commented about the last few years low prices never talking about the long stretch at much higher prices. (Jim, click "Max" on the chart setting next time.)
Oh shock. Jim, if you are leading with a story, you need to know all about what happened to it during that trading day.
Well, that hurt a little. Stopped just above today's $5.74 "registered offering". That is done. Lets see what happens now.
It looks like there will be a bounce tonight and tomorrow now that they jerked it down so much today. Should know tomorrow.
Or was it "... the completion of its previously announced underwritten registered offering of 3,902,440 shares of its common stock. The shares were sold at a price to the public of $5.74 per share for gross proceeds of approximately $22.4 million. The shares were placed with a single investor."
Did you notice they jerked the stock down to just above the "registered offering" price? Well, that is done and may just have been all it was. A little profit taking and now what? We will see. I am new to this stock and still need to see what else is jerking this stock around. If you look at the max. settings, this stock has been much higher that this.
Tesla Motors has a similar negative EPS and I think there is a lot of government money in every car. So, is it being trashed the same way? Is this just a shake out to pick up some shares.
The 2000 pull back from $33 ran up to the 2009 pull back from $198 to the now famous $700 plus of 2012. Are you seeing the scale of each peak? What will the next pull back be from? $1,500 or maybe $2,000. Look at the markets that Apple is in collapsing all around Apple as it sucks in all the cash in that market. Which markets are next?
Having been a very long time AAPL investor, I have seen the same kind of pull back followed by very long run ups. Yes, they are aggravating and unnecessary. But when looked back at, they look like small speed bumps now. There was the 2000 pull back and later the 2009 pull back. I have been in both and now, looking forward to retiring later this year. Just looking to see what happens in this November's elections. Will this country's laws be upheld or will the crazy be running the country for 2 more years. We could be in for a ruff ride if they decide that they are entitled to say, 10% of the 401K personal wealth.