Big Plug Power gains ebb as Citron says fair value is 50 cents


The meteoric rise in Plug Power (PLUG +2%) is weakened after Citron Research says the fair value of the stock is a mere $0.50, which is a blended average of all of the company's recent capital raises.

PLUG will issue earnings and guidance on Thursday and warns investors they "cannot trust management guidance... not even a little bit," saying the company has "a history of broken promises and failure to deliver."

Citron claims Wal-Mart and Fedex are PLUG customers only to take advantage of the 1063 Treasury Program that gives tax credits for renewable energy.

The summary from Citron's report: "No profits. No unique technology. No scalability. No demand. No brand equity. No media hype. No analyst support."

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Comments (86)
  • GameKing13
    , contributor
    Comments (624) | Send Message
     
    Woah, this is a bit extreme
    11 Mar 2014, 12:29 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (7385) | Send Message
     
    Well, people may object to some of the language (or even the liberal use of fonts and font sizes/colors in many Citron reports :), but I would agree with most of the content.

     

    I would maybe not agree with the fair value of $.50, but certainly not with the current stock price either (especially because the company overpromised on margins and operating profits in the past, see Citron report).
    11 Mar 2014, 01:03 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    You're right - 50 cents for a company losing revenue, never making money, and representing an inferior technology in both costs and innovation to Lithium Batteries (oh; and a track record misleading investors) is extremely high.
    11 Mar 2014, 03:08 PM Reply Like
  • Patent News
    , contributor
    Comments (1464) | Send Message
     
    why is it extreme?

     

    the company's behavior in lying is a bit extreme!
    11 Mar 2014, 12:32 PM Reply Like
  • Atkins
    , contributor
    Comments (1049) | Send Message
     
    I'm not a fan of huge mo-mo stocks -- especially volatile small caps -- but Citron is probably wrong on this particular stock. Tesla's explosive growth tells you all you need to know about anything alternative energy-related. Citron would likely have taken the same sort of position on Tesla.

     

    Note to Citron: This market moves in odd directions and is encouraged by the Fed's example. The money has been made by speculation, not fundamentals, during the past four years. 
    11 Mar 2014, 12:36 PM Reply Like
  • physdude
    , contributor
    Comments (157) | Send Message
     
    Citron did take such a position on Tesla! You can check it out on their website. Too bad you don't usually hear much about their mistakes like TSLA or QIHU (which, if anyone remembers, was supposed to be a complete and utter fraud).
    11 Mar 2014, 12:51 PM Reply Like
  • BadDog40
    , contributor
    Comments (181) | Send Message
     
    What's a Citron anyway? If you have to look at someone like a nobody Citron that's more than likely going massively short for advice on this huge mo-mo stock then go back to the basement.
    11 Mar 2014, 01:46 PM Reply Like
  • leopardtrader
    , contributor
    Comments (3629) | Send Message
     
    Citron Research or what his real name is the "wisest" mind in the market ! He jumps into anything that is moving up or down to post contrary view to "earn" publicity instead of making money. Lets see his performance with all his great wisdom ..a god among us the misguided crowns!
    11 Mar 2014, 12:36 PM Reply Like
  • LYogi
    , contributor
    Comments (3107) | Send Message
     
    Not to be missed is Citron's guarded endrosement of $BLDP in the fuel cell sector.

     

    Ballard is much more diversified with plays in the automotive, telecom, material handling, engineering services.

     

    Not to mention most of the IP in the sector.

     

    LONG BLDP
    11 Mar 2014, 12:37 PM Reply Like
  • Nathan Brooks
    , contributor
    Comments (559) | Send Message
     
    Brutal report.
    11 Mar 2014, 12:40 PM Reply Like
  • leopardtrader
    , contributor
    Comments (3629) | Send Message
     
    Nothing brutal about this. It is the usual bombastic tone designed to excite lol But in the end he lost all his bets recently from DDD, QCOR, TSLA..just name them. Any stock that is moving up and is well known..he puts up report to attract attention but also cause losses to many investors
    11 Mar 2014, 12:50 PM Reply Like
  • Gary Blevins
    , contributor
    Comments (10) | Send Message
     
    Great comment we all need to complain to the SEC
    11 Mar 2014, 04:11 PM Reply Like
  • Mike P.
    , contributor
    Comments (83) | Send Message
     
    Someone pull the PLUG on over valued stocks please. I like to see stocks that rise with reasonable momentum but, not on a company that has significant losses as PLUG.

     

    Plug walked into a legal minefield,

     

    Link to page:http://bit.ly/N3SLEB
    11 Mar 2014, 12:44 PM Reply Like
  • eersing
    , contributor
    Comments (7) | Send Message
     
    One issue with this is their claim that FedEX and Walmart are only customers for the advantages of the 1063 Treasury Program. This cannot be true as the deadline for applications has passed.

     

    "For energy properties not placed in service in 2009, 2010, or 2011, an eligibility requirement of the 1603 program is that construction of the energy property must begin in 2009, 2010, or 2011." -US Department of the Treasury

     

    and furthermore...

     

    "THE DEADLINE FOR SUBMITTING NEW APPLICATIONS HAS EXPIRED." - US Department of the Treasury
    11 Mar 2014, 12:45 PM Reply Like
  • mon3yk1ng5
    , contributor
    Comments (4) | Send Message
     
    somone missed out !
    11 Mar 2014, 12:50 PM Reply Like
  • GameKing13
    , contributor
    Comments (624) | Send Message
     
    This news just hit plugs pps hard
    11 Mar 2014, 12:52 PM Reply Like
  • flyerguy1300
    , contributor
    Comments (972) | Send Message
     
    $0.50????? You must be crazy!! Sorry that you missed out around that time it was at .50 cents.
    11 Mar 2014, 12:52 PM Reply Like
  • Mike P.
    , contributor
    Comments (83) | Send Message
     
    Read this article and decide for yourself:

     

    http://bit.ly/1gi3SFg

     

    "Over the past two quarters, Plug Power CEO Andy Marsh has revealed problems with suppliers sending the company parts that were not made to the correct specifications. In one case, the issues led to a fire at one customer's site. Those issues have hurt the company's ability to fill orders on time."

     

    Plug sites that "A big reason for increased cost is that the company is shipping more fuel cells than ever. Another reason, however, was millions of dollars in warranty claims from "component quality issues," the company said in its most recent quarterly filing with the SEC."
    11 Mar 2014, 01:05 PM Reply Like
  • Doewap
    , contributor
    Comments (1005) | Send Message
     
    That is both public knowledge AND old news...
    11 Mar 2014, 03:50 PM Reply Like
  • leopardtrader
    , contributor
    Comments (3629) | Send Message
     
    Look at Citron's archive and see that for many months he failed to even be lucky to pick a nut like a blind squirrel http://t.co/yFMBtBhbbn
    11 Mar 2014, 01:09 PM Reply Like
  • PChan444
    , contributor
    Comments (514) | Send Message
     
    Chan would not pay 50c a share for plug if he had to hold for 3 years!
    11 Mar 2014, 01:12 PM Reply Like
  • Mike P.
    , contributor
    Comments (83) | Send Message
     
    Chan looks like he wants to trade on earnings, hummmmmmmmm...
    is it Citron or is PLUG? Lets see, if the stock was valued respectable to its earnings then I think that it should drop another $8.50 but, if your interested in the hopes that PLUG will be successful in future sales, that depends on their ability to manufacture as fast as the potential orders everyone is trading on will be filled. I am for Alternative Energy and have great hopes that Hydrogen will make a comeback. Hydrogen fueled street lamps over a hundred years ago before electricity even existed.
    11 Mar 2014, 01:42 PM Reply Like
  • T-time
    , contributor
    Comments (959) | Send Message
     
    Stocks are about investment, not just ownership. Talk a look at the big shale oil players like EOG, CLR - these guys haven't made a DIME! And yet their stock prices are over 200 dollars and going up... CLR serious gains since January... It is not always about the value AT HAND, but what is the potential in the FUTURE. Now, one could argue that owning prime shale land in TX and developing the most valuable method of extraction using advanced fracking techniques is much more valuable in terms of future potential than say, fuel cells on fort lifts - but then again, we're only at 10 bucks here... To say the company is worth only 0.50 is short sited regarding the meaning of investment... if applied to every company the stock market would be about 600 points or less total! I am long on $PLUG, however, this drop is close to triggering my trailing loss!
    11 Mar 2014, 01:46 PM Reply Like
  • Graybeard44
    , contributor
    Comments (196) | Send Message
     
    If Citroen Research is as reliable as the car, then I guess I'll stick with PLUG.
    11 Mar 2014, 01:51 PM Reply Like
  • Duude
    , contributor
    Comments (3410) | Send Message
     
    I was anticipating someone would offer up a view such as this. Now I wish I'd had the stones to buy puts.
    11 Mar 2014, 02:11 PM Reply Like
  • User 509088
    , contributor
    Comments (1687) | Send Message
     
    all those day traders must be getting panicky... like 4 bucks down from the open and they've still got to get rid of their positions.

     

    this could get a bit sloppy.
    11 Mar 2014, 02:12 PM Reply Like
  • just read the instructions
    , contributor
    Comments (740) | Send Message
     
    Sometimes it needs a citron to help the community getting back to reality. He did so with voxeljet (which was good, although I owned it) and hopefully with PLUG (I am neither long nor short) although these followers proved in the past to be a special sort of extremely stubborn and business-ignorant.
    They blindly believe statements of CEOs, take Apple and Tesla as reference and deify Musk. They think that someone has come to make them all rich and secondary the world a better place.

     

    They believe that something like a 1960- fuel cell in a box is disruptive technology, that there is an "inflection point" and "paradigm shift" because a company solely improves their costs although they mostly assemble their product with material from others or use expensive noble metal catalyst. Both is outside of the control of PLUG or Ballard.
    11 Mar 2014, 02:26 PM Reply Like
  • SUCKMEISTER
    , contributor
    Comments (74) | Send Message
     
    Since I'm out of PLUG already, I find the fair market value comment of .50 per share more than a little comical.
    11 Mar 2014, 02:27 PM Reply Like
  • Mongoose7916
    , contributor
    Comments (233) | Send Message
     
    He drives stocks down not because people respect his opinion but because there is alot of money which supports him.
    11 Mar 2014, 02:28 PM Reply Like
  • alext1379
    , contributor
    Comments (811) | Send Message
     
    Strategic placement. Where was it when the stock was at $5, $7, $9? Or even at $1.

     

    Just as Adam Furstein makes a living writing attack ads, this is nothing more than a hired gun from a company I've never even heard of which is usually the case when they come out of nowhere.

     

    I wonder if NWBO and ILPC will be next to be targeted by people who want in or who need to cover (in NWBO's case).
    11 Mar 2014, 02:30 PM Reply Like
  • slim5354
    , contributor
    Comments (4) | Send Message
     
    http://bit.ly/1i9jJGP

     

    One of first lines of citron's report: "Who is behind PLUG, and what do they do? This is simple: Plug Power sells fuel cell-powered forklifts …"

     

    Wow I didn't know Plug made forklifts....

     

    Citron must know something we don't :D
    11 Mar 2014, 02:56 PM Reply Like
  • InvestorVisions
    , contributor
    Comments (7) | Send Message
     
    Glad to see not everyone has completely lost their mind! You must have lost your mind if you think these stocks are worth $0.50/share. If anyone is smart, they'd take a look at the history of these companies and the potential for growth this year alone (not to mention the rapid growth to be seen continuing into 2016).

     

    These stocks ALWAYS fall when short-term investors are taking their profits and running. PLUG will pick-up where it left off. It may not be today or tomorrow, but expect another surge once PLUG meets or beats earning expectations. Citron is notorious for failed analysis'.

     

    Look at the history...
    Short-term investors have pulled out just the same before. Then only a few days later...another incredible surge. While money can definitely be made on the short...the real potential is in the long.
    11 Mar 2014, 03:08 PM Reply Like
  • Tomal
    , contributor
    Comments (2477) | Send Message
     
    so what is your fair value of the shares? Definitely I dont think it was worth $10.
    11 Mar 2014, 03:13 PM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
     
    I just watched the CNBC interview with the analyst, when asked about how he values $PLUG at .50 he really didn't have an answer for it... like he just pulled it out of his ass as a bit of sarcasm in relation to the current valuation and the market eats this crap up like its ice cream.
    11 Mar 2014, 04:23 PM Reply Like
  • InvestorVisions
    , contributor
    Comments (7) | Send Message
     
    I agree. Not $10...at least not yet. I would say $6-7 would be fair for now. It scared me when it was climbing as fast as it did to $10-11...we all knew the bubble would pop.

     

    But Citron is known for short trading and I believe anyone investing in these stocks and not expecting Citron to weigh in with a comical price of $0.50/share is clueless. But count on these stocks seeing a surge after PLUG's report on Thursday.

     

    If you look at the expected growth for PLUG, BLDP, and FCEL, you'll see that they are expected to report an EPS by the end of this year. I could see PLUG resting at $10/share this summer. Unfortunately, shorts hyped this stock too much and too fast. The hype is real and the earnings will show that be years end. But 90 degree climb eventually has to drop.
    11 Mar 2014, 04:24 PM Reply Like
  • AllgoodGuy
    , contributor
    Comments (398) | Send Message
     
    I'd have to agree jman. By the end of the year, possibly near $10 after some of their prospective sales become reality. Most of this hype is over future earnings potential, and was over-hyped by people wanting to get in on the action early.
    11 Mar 2014, 06:14 PM Reply Like
  • ikarus
    , contributor
    Comments (1190) | Send Message
     
    Anyone who thinks its worth more than $0.01 has lost their mind IMO
    11 Mar 2014, 06:57 PM Reply Like
  • Jam3s
    , contributor
    Comments (17) | Send Message
     
    Spot on Citron!
    11 Mar 2014, 03:08 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Now that's a haircut.. I've never heard of citron who are they can someone enlighten me.. Please
    11 Mar 2014, 03:32 PM Reply Like
  • AllgoodGuy
    , contributor
    Comments (398) | Send Message
     
    http://bit.ly/OJnSV9
    11 Mar 2014, 06:14 PM Reply Like
  • Doewap
    , contributor
    Comments (1005) | Send Message
     
    Quote Citron

     

    Who is behind PLUG, and what do they do? This is simple: Plug Power sells fuel cell-powered forklifts

     

    End quote

     

    Right. That's pretty lemony analysis, Citron...
    11 Mar 2014, 03:51 PM Reply Like
  • InvestorVisions
    , contributor
    Comments (7) | Send Message
     
    Agreed Doewap. There was no true "analysis". Just their opinion of what the stocks are worth, better yet, they're approach to knocking the momentum to pick-up at the end of trading today to only capitalize later.
    11 Mar 2014, 04:24 PM Reply Like
  • ikarus
    , contributor
    Comments (1190) | Send Message
     
    Did you lose a bunch of money today? Better sell now before it goes back to $1.00 or lower.
    11 Mar 2014, 06:58 PM Reply Like
  • User 20587101
    , contributor
    Comment (1) | Send Message
     
    Interesting that this report was published 2 days before Plug releases Q4 2013 earnings.
    11 Mar 2014, 04:10 PM Reply Like
  • alex33014
    , contributor
    Comments (4) | Send Message
     
    Dont believe this report!! Plug has huge revenue and eps growth quarter after quarter
    11 Mar 2014, 04:10 PM Reply Like
  • Efr577
    , contributor
    Comments (3) | Send Message
     
    He had a short option on PLUG now he just cashed it in
    11 Mar 2014, 04:10 PM Reply Like
  • Paulus81
    , contributor
    Comment (1) | Send Message
     
    Of course a review like this would come out a few days before earnings discussion. In the odd case the loss is less than expected all those sharks waiting for the fall must be getting nervous only two days before release. Well they get their wishes today. PLUG still great for LONG!
    11 Mar 2014, 04:10 PM Reply Like
  • Efr577
    , contributor
    Comments (3) | Send Message
     
    Buy Buy Buy now is the time
    11 Mar 2014, 04:10 PM Reply Like
  • Efr577
    , contributor
    Comments (3) | Send Message
     
    Trading is about PED......Patience, Emotional Stability and Discipline. If you are lacking these you shouldn't trade. This Shittron is shorting this and making tons of money on the way down and tons more on the way up. He just did me a favor, I bought 200 shares at a discount.
    11 Mar 2014, 04:10 PM Reply Like
  • InvestorVisions
    , contributor
    Comments (7) | Send Message
     
    Couldn't agree more. The past 10 years with these stocks will show the validity to this statement.

     

    Just pull up a chart and research news relating to these stocks' prices (increase/decrease) and you'll see the exact same thing happened before. Just as quickly as the stocks decreased...a couple or so days later they were right back to where they were before. Just allows shorts to double up on investors willing to sell at a loss out of fear of losing their investment. Anyone not buying more now will regret it later.

     

    Ready for PLUG's report on Thursday to send the surge right back up (just has it has year after year). The panic is rather amusing nonetheless. These stocks showing a back and forth towards the last half of the trading day should be an indication to investors that this was just a scare. If there had been any validity to the "analysis" released today, then these stocks would have immediately dropped to a couple dollars.
    11 Mar 2014, 06:13 PM Reply Like
  • Gary Blevins
    , contributor
    Comments (10) | Send Message
     
    These types of tactics by a person or analyst should be taken seriously. The manipulation of a stock by an analyst for profit is illegal, and that is the situation here. To drag a company thru. The mud and admit they are short, and take a profit by that manipulation is punishable by law.
    11 Mar 2014, 04:11 PM Reply Like
  • DavidM79
    , contributor
    Comment (1) | Send Message
     
    Ask Citron how the short of TLSA is going #lostbig...don't know why anyone even follows them
    11 Mar 2014, 04:21 PM Reply Like
  • Jzv
    , contributor
    Comment (1) | Send Message
     
    Citron, shorts stocks. That is what is going on. For this company to come out and destroy plug power, true or not. Is in my opinion criminal. Shorting stocks should be illegal. Companies like this do nothing for the market, except create a mess.
    11 Mar 2014, 04:22 PM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
     
    still long, got into the sector in Jan because of related news about other projects $PLUG, $FCEL, $BLDP, have earned in their own rights. I haven't read the article yet but from some of the commenters they have pointed out errors with it.

     

    I also like to see the stock appreciate along with its moving averages and since these companies have survived 2 crashes; I think they can survive a few words. For people who invested long they know this company is more than just forklifts.
    Game on shorts! I comfortable with my price.
    11 Mar 2014, 04:23 PM Reply Like
  • AMichaelM
    , contributor
    Comments (3) | Send Message
     
    This article was totally irresponsible. Fair market 50 cents. Gimme a break. In 2 days it will be back up again. 225m investors taking advantage of fear sellers. Have some balls and hold a stock over 48 hours.
    11 Mar 2014, 04:24 PM Reply Like
  • Tomal
    , contributor
    Comments (2477) | Send Message
     
    It is funny that even articles in WSJ & Marketwatch have been saying PLUG in a bubble. There was no impact. And today a out of nowhere small research report made a huge difference. LOL.
    11 Mar 2014, 04:37 PM Reply Like
  • jefferylhenry
    , contributor
    Comments (24) | Send Message
     
    If what ever Citron et al. are doing is improper, there will be no way to hide. We should soon see where this settles out. See who has shorts and follow the money back.
    11 Mar 2014, 05:31 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Has the CEO of citron been convicted of multiple fraud charges?
    11 Mar 2014, 06:11 PM Reply Like
  • Karembeu
    , contributor
    Comments (14) | Send Message
     
    My thoughts regarding this debacle:

     

    1) I think a lot of people got into $PLUG due to it being a hot stock. They didn't bother to research what the company does or anything else regarding it. For that reason, when a blatant hit piece like this comes out and there is some panic selling, it just creates a domino effect since all those buyers who don't understand the company don't understand it enough to know to hold on. Most of what Citron brought up was in the past. I am investing in $PLUG and $BLDP for the future outlook and the company has not changed one bit, even after this hit piece.

     

    2) It boggles my mind how wealth redistribution works so handily for the rich. Although I'm not sure this counts as insider trading, doesn't this violate some laws at the very least? It's too easy for some clown to just get airtime and bash a stock while holding a short position (or his buddies) and then be able to cash in on it after the panic sets in. If any of you guys have some background or knowledge of the legality of this, please clue me in as I'm very interested. It just can't be THAT easy...

     

    3) Is there a rule (and what is it) regarding the CEO not being able to comment up until an ER? I read a comment on another site that pointed out that this hit piece was strategically timed since Marsh can't come out and say anything to defend the company until the ER? Or is this not true?

     

    Hoping for a healthy discussion on these as we're all here to learn from each other.

     

    Disclosure: I'm still long $PLUG & $BLDP and am still sitting on profits of about 250% even after the bloodbath.
    11 Mar 2014, 06:11 PM Reply Like
  • Mongoose7916
    , contributor
    Comments (233) | Send Message
     
    The SEC generally looks the other way when market manipulation happens for a variety of reasons I'm sure but mostly because they lack the resources to prosecute anything that isn't blatantly obvious and impacts a large number of people. Don't let yourself be fooled the stock market today is much more of a wild west than it was even five or ten years ago. Much of this has to do with the way information proliferates around the web now and allows for quicker entries and exits of positions. Andrew Left will most likely eventually get his but if you're looking for justice and for these type of attacks to stop you're going to be disappointed. The rules for trading as currently constructed actually encourage these types of attacks! There are even ways of manipulating the market or getting early access to information that most people would find unethical, but are still very much in fact legal. This is in part why when in investing in stocks you really need to invest in companies that are in it with the shareholders and will find ways to battle the shorts as they grow their business. Also don't be afraid to take some profits in case this situation ever befalls you again. No point in risking all your gains when the system encourages these types of attacks. Not saying you sell everything but you should sell some knowing that there is the real possibility of a coordinated strike occurring again
    11 Mar 2014, 06:36 PM Reply Like
  • ikarus
    , contributor
    Comments (1190) | Send Message
     
    The real crime here is the CEO being repeatedly miles off of the guidance he provides.
    11 Mar 2014, 06:59 PM Reply Like
  • Karembeu
    , contributor
    Comments (14) | Send Message
     
    Thanks for the detailed and swift reply, Mongoose.

     

    Although it doesn't sit well knowing that this is so rampant, I should've known better. I had been getting antsy that it's climbed up so much, so fast, and was contemplating taking profits a few days ago when it hit $11.

     

    As always, greed set in and I wanted to ride it more and then this happens. Always sucks to give back such large gains, but hopefully I can learn from this and not be too greedy in the future. Was trying to hit it big with $PLUG since I got in really low. But hopefully lesson learned as today I gave back A LOT of my gains, in an absolute sense.
    11 Mar 2014, 07:15 PM Reply Like
  • Karembeu
    , contributor
    Comments (14) | Send Message
     
    Also, what is your position in $PLUG, if any?

     

    Thoughts on how it goes from here? Hopefully I'm not being a blind bull but I do think it will recover and I do think this will be a big winner in the future.
    11 Mar 2014, 07:17 PM Reply Like
  • brandondelbosque1@yahoo.com
    , contributor
    Comments (69) | Send Message
     
    keep the faith
    11 Mar 2014, 11:01 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Karembeu - if you're really looking to build a large nest egg; abandon ship!

     

    This is a micro, micro cap stock representing a share in a unprofitable business frantically treading water pretending to be a hyper-growth stock with hundreds of millions worth of annual recognizable revenue already in the bag...

     

    Plug will be a wealth destroyer for anyone unfortunate to still hold its stock in the coming months [if not tomorrow] (P.S. It's done it before!)
    12 Mar 2014, 03:29 AM Reply Like
  • JMstocks75
    , contributor
    Comments (249) | Send Message
     
    If you think PLUG is done, why are hedge funds holding, why is walmart doing business with them, why did a private investor give them 5.74 per share
    12 Mar 2014, 09:43 AM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Hedge Funds aren't "holding" the stock for much more than a moment; they're murdering the lay investor through High Frequency Trading.

     

    The Private Investor is getting Ripped Off and hasn't fully figured it out yet...
    12 Mar 2014, 11:15 AM Reply Like
  • Mongoose7916
    , contributor
    Comments (233) | Send Message
     
    I have no position in PLUG and no plans to initiate one currently. Doesn't mean I don't feel for the current shareholders though.
    12 Mar 2014, 12:54 PM Reply Like
  • AllgoodGuy
    , contributor
    Comments (398) | Send Message
     
    I began investing in Plug way back in 1999 after their IPO. I sold off shortly before the .com bust and only recently acquired 900 shares, then 2100 shares later as funds became available. I've been watching them for improvement for a while, and I'm very happy they're finally beginning to get where they may become profitable. The slash job hit me for about 12K, so you're not alone in the learning curve. I never would have expected so much credibility being given to a known "activist" who loves to short. However, on the brighter side, I more than tripled my stake today at the much lower price ahead of tomorrow's report.
    12 Mar 2014, 05:35 PM Reply Like
  • zulo1715
    , contributor
    Comments (3) | Send Message
     
    I am a newbie to Finance world so this might sound a dumb question:
    Why does it say March 12, 2014 at the top of their report?
    If the answer is: "it's normal to have a report out before the time it is scheduled for" I have a second question: Did they do that intentionally (to ensure they have time to react) to benefit from the drop and possible increase before the the earning report scheduled for 3/13/2014?
    11 Mar 2014, 06:13 PM Reply Like
  • mathari
    , contributor
    Comments (276) | Send Message
     
    This is a carbon hit job. This is a very good company. The success of the company, however, will be the direct downfall of carbon as we know it. Be very wary of the opinions of Citron.

     

    Short sellers such as Citron make money when the stock price of a company drops. They sell borrowed shares in the hope of buying them back at a lower price and return them to the lender, and gain from the difference in price.
    11 Mar 2014, 06:52 PM Reply Like
  • akarc
    , contributor
    Comments (358) | Send Message
     
    rodeking96 • 3 minutes 14 seconds ago Flag
    0users liked this postsusers disliked this posts0Reply
    Uptick rule in place tomorrow
    SEC Approves Short Selling Restrictions
    FOR IMMEDIATE RELEASE
    2010-26
    Video: Open Meeting
    Play video of SEC Chairman Schapiro discussing short selling
    Chairman Schapiro Discusses Short Selling:
    Windows Media Player
    QuickTime Text of Chairman's Statement

     

    Washington, D.C., Feb. 24, 2010 — The Securities and Exchange Commission today adopted a new rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and preserve investor confidence.
    Additional Materials

     

    SEC Final Rule — Amendments to Regulation SHO

     

    This alternative uptick rule is designed to restrict short selling from further driving down the price of a stock that has dropped more than 10 percent in one day. It will enable long sellers to stand in the front of the line and sell their shares before any short sellers once the circuit breaker is triggered.

     

    "The rule is designed to preserve investor confidence and promote market efficiency, recognizing short selling can potentially have both a beneficial and a harmful impact on the market," said SEC Chairman Mary L. Schapiro. "It is important for the Commission and the markets to have in place a measure that creates certainty about how trading restrictions will operate during periods of stress and volatility."

     

    Short selling involves the selling of a security that an investor does not own or has borrowed. When shorting a stock, the investor expects that he or she can buy back the stock at a later date for a lower price than it was sold for. Rather than buying low and selling high, the investor is hoping to sell high and then buy low. Short selling can serve useful market purposes, including providing market liquidity and pricing efficiency. However, it also may be used improperly to drive down the price of a security or to accelerate a declining market in a security.

     

    The alternative uptick rule (Rule 201) approved today imposes restrictions Less
    11 Mar 2014, 08:22 PM Reply Like
  • toneroner
    , contributor
    Comments (288) | Send Message
     
    Adam was speaking at Roth the same time this was released. I'm sure he was pissed but he finished it like a pro... check it out on $PLUG s site. He mentioned allot of factoids that were good to know for the longs. The average Gendrive sells for about 20k the current cogs is now about 5500... Great margins moving forwards.
    11 Mar 2014, 10:08 PM Reply Like
  • ttu12345
    , contributor
    Comments (2) | Send Message
     
    Citron, do you think Apple makes the chip for its iphone/ipad/laptop in its factory? All it does is integrates a bunch of components to make it work? Plug does the same. Every company has to have suppliers for their parts.
    11 Mar 2014, 10:18 PM Reply Like
  • brandondelbosque1@yahoo.com
    , contributor
    Comments (69) | Send Message
     
    I can't believe that people are taking advice from a man that pays almost $50,000.00 a month in alimony and child support all because he couldn't keep his act together. Not to mention according to wiki he has more then just those problems in his career. Everyone take a look.

     

    In 1998, Left was found by the National Futures Association to have “made false and misleading statements to cheat, defraud or deceive a customer", and disbarred for three years.[127]
    In 2002, his then employer Detour Media sued Left for "fraud and deceit, negligent misrepresentation, breach of fiduciary duty and unlawful monetary conversion".[128] He was ordered to pay $26,445.62 compensation.[129]
    In 2010, Left was briefly arrested in Florida in relation to a petty[clarification needed] dispute with a drycleaner. The charges were subsequently dropped.[130]

     

    To remind you, this is what I found in public record. So if andrew left has a problem with what I post, well to bad because this is facts. The one poor guy tried to call out Andrew Left. You could tell he was very mad at that man.
    11 Mar 2014, 10:29 PM Reply Like
  • jmjohns55
    , contributor
    Comments (2) | Send Message
     
    Just did some research on Citron's track record and it's impeccable. He's never lost a case in the U.S. This stock is heading to $0.50 / share. I got in on PLUG early and am getting out tomorrow while I still can. It was a nice ride.

     

    http://bit.ly/OJnSV9

     

    (scroll to the bottom and see his list...when he speaks it's game over...I love PLUG but have to make an intelligent decision)
    12 Mar 2014, 04:26 AM Reply Like
  • physdude
    , contributor
    Comments (157) | Send Message
     
    Impeccable?? QIHU, TSLA, QCOR - enough said!
    12 Mar 2014, 04:39 AM Reply Like
  • jmjohns55
    , contributor
    Comments (2) | Send Message
     
    Suit yourself. For the 3 calls he has missed there are 75 that he has nailed correctly. Pretty impeccable if you ask me. At least I'm being objective because I love PLUG. But I have to be intelligent on this one...not trying to be a hero. Did you even read the report!?! If yes, please let us know what we're missing here. Especially regarding the CEO misleading investors with rosy predictions that never come true during investor conference calls.
    12 Mar 2014, 08:57 AM Reply Like
  • physdude
    , contributor
    Comments (157) | Send Message
     
    I just gave 3 examples off the top of my head. It is easy enough to find many others if you do the dd. Let the readers do the dd and judge from themselves after hearing both sides.
    12 Mar 2014, 12:58 PM Reply Like
  • ggillin
    , contributor
    Comments (45) | Send Message
     
    I hope somebody reads this.

     

    Mr. Left is so RIGHT!!!!

     

    But do not worry Plug will never get to .50 cents, do you know why, because..................
    they will just reverse stock split you 1 for 10 just like last time or maybe even worse next time.........
    Common holders do not have a chance with this company ----- GET OUT!!!!!!!!!!!!!!!!!
    READ THEIR PROXY'S AND REPORTS.
    FCEL -- same thing. BEWARE.
    13 Mar 2014, 12:23 AM Reply Like
  • LYogi
    , contributor
    Comments (3107) | Send Message
     
    ouch you must be caught short.....bad timing.

     

    http://seekingalpha.co...
    13 Mar 2014, 08:29 AM Reply Like
  • JimEJr
    , contributor
    Comments (3) | Send Message
     
    I wonder what Citron's take would be on PLUG's earnings release this morning. The numbers look pretty good to me, but probably not enough to cause Left to think any differently about the company's future. My guess is he'd want a lot more proof...consecutive quarters of progress.
    13 Mar 2014, 09:50 AM Reply Like
  • Karembeu
    , contributor
    Comments (14) | Send Message
     
    He and/or his buddies most likely already made a killing on the short and got in long after that, making $$$ on the way up too.

     

    Don't think he cares much at this point, in all honesty, as he played the market and is benefiting big time from it.
    13 Mar 2014, 12:56 PM Reply Like
  • AllgoodGuy
    , contributor
    Comments (398) | Send Message
     
    I am with you 100%. I did have to capitalize on the action though, realistically I was forced to. It has worked, so far, and I've been able to regain all my losses and then some today. If I were cash strapped or a small investor, that wouldn't be an option. Kind of sad somebody takes advantage of people like that. For my case, I literally had to purchase an additional 7K shares to cover those losses. I can't tell you what a bag of nerves I have been all day with 10K shares at play.
    13 Mar 2014, 04:01 PM Reply Like
  • ikarus
    , contributor
    Comments (1190) | Send Message
     
    The internet loves this premise, "Short sellers publish so they can knock the price down and buy it cheap."

     

    False. I can assure you Left thinks PLUG is a bankruptcy (it is over time) and wouldn't touch this as a long with a 10 foot pole.

     

    I have no position today but made 20x on the puts. A lot of people are going to lose a lot of money in PLUG. It will be sad since this has become a speculative retail stock for inexperienced investors.
    13 Mar 2014, 11:56 PM Reply Like
  • Vicky10
    , contributor
    Comment (1) | Send Message
     
    Yet again Citron proved how stupid the analysis was...plug is 49% up and even more in after market.

     

    Check what they told about Tesla and how Tesla came back....
    http://bit.ly/1fCPlD9

     

    SA also said a nice story about WPCS and they went down in few days...I guess I have to stop reading these two guys....
    26 Mar 2014, 01:55 AM Reply Like
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