Gaurav S. Sharma's  Instablog

Gaurav S. Sharma
Send Message
My areas of interest and expertise include technology, biotechnology, and financials, among others. I have a long-term strategy and am both a growth and value investor. My picks have consistently outperformed the market and I expect them to continue to do so. As an investor, I have had great... More
  • SoL #11: The Fuel Cell Bubble Burst Has Begun 1 comment
    Mar 11, 2014 8:21 PM | about stocks: PLUG, FCEL, BLDP

    Fuel cell stocks such as Plug Power (NASDAQ:PLUG), FuelCell (NASDAQ:FCEL), and Ballard Power (NASDAQ:BLDP) plummeted in the second half of today's trading session. All of the stocks dropped in the double-digit percentages, with Plug declining nearly 50%.

    PLUG Chart

    This drop follows a tremendous YTD rally in these stocks until today. Plug had well over quadrupled, Ballard had almost quadrupled, and FuelCell had nearly tripled.

    PLUG Chart

    This was a clear bubble in my opinion. The valuations were ridiculous, which Atlas Shrugged pointed out for Plug. However, the drop still leaves most of the irrational exuberance-caused gains intact. Thus, I think the burst is not even over yet, and the stocks have more downside.

    I really like what happened in these stocks today; it is a prime example of how the market should work. The pigs that were holding these stocks got slaughtered today, and are now just holding the bag.

    Stocks: PLUG, FCEL, BLDP
Back To Gaurav S. Sharma's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • BestPick
    , contributor
    Comments (233) | Send Message
     
    Even it plunged more or less, the FACT is people who are aware of PLUG will buy back eventually. And the FACT-2 that PLUG is now making $. Their reports will eventually get better.
    11 Mar 2014, 08:48 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.