Me thinks so!
Just saying. . .
PLUG must reverse split or be delisted.
Who cares if they get delisted? SIRI was delisted and also nearly went bankrupt until Malone stepped in-- they were at 0.06/share and now they are around 3.60/share w/o a reverse split. So see, anything is possible.
#$%$! How does this happen, not that the 1-yr targets are that accurate anyway. I know other stocks who are trading less than 0.03/share and there target is in the 0.60 range and yet they are/will never get to that point. The yearly Yahoo targets for stocks seems inconsistent from one stock to another. What's the point, anyone?
True BUT often after a reverse split more people sell and the stock price slides OR people short the stock and the price slides so techinically the history of many, not all, but many RS stocks the prices do slide and thus those prior to the RS have lost even more.
Unfortunately, I have seen this happen to several stocks over the years and it appears to be the classic Pump and Dump where deep pockets buy the stock on no news so that the price increases and other people say hey somethings up behind the scenes and then the price goes up higher and higher and then the same people with deep pockets immediately sell making a handsome profit while the majority of others watch in horror as they see the share price nose dive below what they paid for it. I thought this was what was happening based on past experiences in other stocks with low share prices and then late today just like I suspected the rug was pulled out from everyone who had invested on the way up. It's relatively easy to manipulate a stock with a very low share price if you have deep pockets to begin with. The tell tale sign will be if it continues to slide tomorrow. This is all of course, in my opinion only.
I'm afraid this was all a set up--classic pump and dump, which should be illegal but you know what is illegal to the little guy isn't illegal to the big guys; typical have and have nots. I was hoping that the rally was real but every inch of me figured what transpired at the end of the day would. I suspect it will be hard next time this goes up for as many people to get fooled and so we will likely stagnate pps--in my opinion, of course.
Looks like the offer for the debt loan wasn't acted upon
What's going on-- is this legit or a pump and dump?