The money I invest is in my IRA, which used to be a 401K. I screwed around too much early in my career, so I am trying to make up for lost time in my retirement savings. As you know, that is a dangerous position and one has to be careful. I spent about a year deciding what industry to focus on, and the another year picking a stock. 2 years ago I decided it was FCEL, and that sentiemnt hasn't changed. Of course, if it went right in the crapper I would adjust my plans, but it has followed the expected course. I have about 5 years until I retire at 62 years old, and I plan on FCEL to be trading at $10 per share by then. If it gets there early, I retire early and do some consulting for pocket money. If I see that it is not what I had hoped, I ask Dag-in-va what I should do :-)
I think cooler heads will prevail next week and it will settle in at @ 1.90 until the CC. We know that there were no sales in Q1, and only a small one so far in Q2. I think that the 'new' floor of 1.64 will hold, but it will be tested, and then I will be all-in again :-)
I ened up selling most of my position today (335,000 sh) at 1.98 to 2.04. I will get back in after the CC, hopefully not at a higher price :-) I just don't believe FCEL is worth this kind of money right now, with all of the question marks. Bottones very appologetiic voice at the last CC still haunts me. Bottom line is that I could not look my wife in the eye if I didn't lock in that kind of profit.
I totally agree with you Donnie. Were still over a week away from the CC! I committed after the last CC not to sell on the day of earnings and buy back lower any more because of the potential for a big run, like PLUG had. But this is just plain crazy. I guess I will have to wait until the 10th and make a gut feeling call. It is a pleasure to try and determine how much profit I want to take, and not how big of a loss. FYI I have almost all of my eggs in the FCEL basket, have been around for a little over 2 years, and plan on being around for a long time. GLTA.
That is the feeling I am getting about FCEL. Lately, it starts out high, gets beat down in the middle of the day, and comes back strong at the end of the day. I am impressed that the PPS is holding with little significant news and high volume for this stock. I am, and have been for 2 years, very long on this stock. While I have moved in and out in the past a little to pick up shares on the spikes and dips, I will not take the chance anymore of missing out on a big push up. Jonas will coment about this post, but I won't see it because he is ignored (and ignorant).
You are an idiot Jonas. FCEL makes large multi-MW units and could care less about cars and homes. Why don't you take your bashing over to PLUG or anywhere else for that matter.
There is nothing to enjoy in the 10k, just like there was nothing to enjoy from the CC. I am on the sidelines until the bottom is reached, at about 1.25. I've been suckered by FCEL before, and I would rather miss out on a run than get back in too quick.
I have been long in this stock for several years, and have watched the PPS slide after disappointing earnings and forecasts. I usually just rode it out. This time I sold on the way down, and planned on waiting to get back in until the slide was over. I do believe in the future of the technology, although my confidence in FCEL is waning. The 4th quarter was terrible, there are no new deals being announced, and the need for more dilution will be here in a year. It should be easy just to sit back and watch for a couple of months. So why do I keep wanting to buy back in? I have a lot of money sitting in cash, nice and safe, yet I am afraid of missing out on a big run. It drives me crazy.