Seeking Alpha

Plug Power announces stock offering, -6.7% AH

  • Plug Power (PLUG) -6.7% AH after announcing a proposed public offering of common stock; the size is not disclosed.
  • PLUG plans to use the proceeds for working capital and general corporate purposes, which may include capital expenditures and potential acquisitions.
Comments (83)
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    I am dumb-founded that Plug Power "Investors" haven't figured out this Scam yet...
    22 Apr, 04:27 PM Reply Like
  • Just_waiting_for_profit
    , contributor
    Comments (18) | Send Message
     
    I know right!
    22 Apr, 04:29 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Problem is that the majority of Long-Term PLUG holders probably stopped their Numerical/Financial Due Diligence at "Price-Per-Share".

     

    Oh, it's only a $7 stock... So Cheap!... :(
    22 Apr, 04:32 PM Reply Like
  • Sellinpanic
    , contributor
    Comments (651) | Send Message
     
    PLUG is a pure CASINO gamble play and a laughing stock for the whole investment community. Stay out or stay short and listen to comments like mlauritz writes, wise words.
    22 Apr, 06:07 PM Reply Like
  • Patent News
    , contributor
    Comments (1321) | Send Message
     
    haha scam scam yet again penny stock pump dump with little bells and whistles!
    22 Apr, 04:32 PM Reply Like
  • Abigsoxfan
    , contributor
    Comments (606) | Send Message
     
    These kind of offerings are always a bad sign. Management typically does them when they know their stock is over-priced.
    22 Apr, 04:32 PM Reply Like
  • Kurt Shea
    , contributor
    Comment (1) | Send Message
     
    More shareholder dilution brought to you by $PLUG. No way I touch this again until it is under $3.50/share
    22 Apr, 04:34 PM Reply Like
  • CamH
    , contributor
    Comments (28) | Send Message
     
    They announced a JV yesterday. What they neglected to mention is that they want shareholders to pay for it
    22 Apr, 04:40 PM Reply Like
  • Continental Kid
    , contributor
    Comments (211) | Send Message
     
    Every time this CEO goes on TV, radio or holds a special conference call... the next day seems to bring a new share offering....where is the SEC...honestly....no word on the size of this one ...but this year alone I think the float has gone up by almost 40 million because of warrants ect.....
    Sadly I know people caught up in this....

     

    best of luck to all....
    22 Apr, 04:42 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Miashitz what's your angle? Are you short or do you just like rubbing salt in our wounds? And don't try telling me your just looking out for us..
    22 Apr, 04:42 PM Reply Like
  • mlauritz
    , contributor
    Comments (354) | Send Message
     
    Cactus Jack - I've been telling you directly to Sell & Run-Away from this Scam for over a Month now.

     

    Your own Fault if you've been in denial and held PLUG throughout Marsh & Co's Latest Shenanigans...
    22 Apr, 04:47 PM Reply Like
  • Get a Dog
    , contributor
    Comments (204) | Send Message
     
    @CJ65> You are one of the biggest mudslingers out there and love to talk smack and you know it. Figures that a guy like you can't handle it when it comes back in spades... You should of stayed away from the bad mojo... Payback is a mother.
    22 Apr, 06:24 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    CackJack -

     

    For a guy who constantly hopes that shorts lose money, youre a thin skinned fellow. Salt, indeed. Mlauritz has been shouting from the rooftops for a month now to $GTFO this stock - even after I told him to let you all drown in it. So don't be mad - you learned a valuable (I daresay COSTLY) lesson here. As I said elsewhere, I never want people to lose money, but a healthy dose of humility was sorely needed by those who not only wouldnt listen, but wished pain on others.

     

    And you got it.
    22 Apr, 09:08 PM Reply Like
  • EquityTrader1975
    , contributor
    Comments (297) | Send Message
     
    that fact that someone will take the share is good news, the question is at what price?
    22 Apr, 04:43 PM Reply Like
  • Western Investor
    , contributor
    Comments (38) | Send Message
     
    They may as well keep issuing shares while they can at this price. I had an inexperienced friend tell me about how great this company and its technology were and how fuel cells would take off this year so I took a look in December as a favour. It took about 15 minutes to realize that they would need to raise capital within weeks, the technology is nothing special and management always overpromises and underperforms. Not sure how someone could justify investing their money in this dilution machine.
    22 Apr, 04:46 PM Reply Like
  • User 509088
    , contributor
    Comments (1101) | Send Message
     
    we hate plug we hate plug we hate plug

     

    you should sell your plug you should sell your plug

     

    it's garbage. it's a scam, until it gets to x price, then it's a buy.

     

    I figure anyone who goes from calling it a scam to a buy for a couple of bucks per share doesn't really have much of a sense of proportion.

     

    if it's a scam, it's a scam to zero. you guys all talk like you're on republican radio.

     

    now dr. hugh, he was sensible in his cautions, but most of the guys since him read more like trolls than thoughtful commenters who have the self control to discuss things calmly and without quotes and snideness and self-congratulatory smugness.

     

    but then again I'm just a peacock in a graveyard who's a 'retail investor' and who's made a potful of money on this 'scam.'
    22 Apr, 04:47 PM Reply Like
  • Get a Dog
    , contributor
    Comments (204) | Send Message
     
    Your where completely right until the middle. It isn't really a scam, but it will never turn a profit. It is a capital destruction machine. It has no real value and you are right to say stay far away. It may have some minimal value in liquidation, but that's not our game. The service and parts business for units in the field will be worth something to somebody. But then again it won't have much value in pieces since the already sold the building last year and are renting it.
    22 Apr, 06:32 PM Reply Like
  • srussell705
    , contributor
    Comments (2) | Send Message
     
    What the company produces is valid and looking long term many companies have an aging battery powered fleet are going to look at this.

     

    Company I work for is one of them.
    22 Apr, 04:57 PM Reply Like
  • andredlf
    , contributor
    Comments (16) | Send Message
     
    I remember when Amazon AMZN was worth 7 dollars and reading an article saying it was worth zero because they were loosing money on every book they sold! At the time Barnes & Noble was the investment of choice....
    22 Apr, 05:11 PM Reply Like
  • josegrenier
    , contributor
    Comments (5) | Send Message
     
    And whats your point?
    22 Apr, 05:42 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    -is comparing PLUG to AMZN

     

    -not being ironic

     

    -MFW
    22 Apr, 06:48 PM Reply Like
  • Abigsoxfan
    , contributor
    Comments (606) | Send Message
     
    I'm not a bull I'm not a bear. Just following the stock But comparing this stock to Amazon is kind of a joke. Amazon was a true game changer. A change in the way products were sold. Some new game changing products including eBooks. That is not PLUG. Good luck Bulls, good luck Bears and remember, Pigs get slaughtered.
    23 Apr, 10:39 AM Reply Like
  • andredlf
    , contributor
    Comments (16) | Send Message
     
    Maybe Plug is now where Amazon was at the time...In my opinion one should try to imagine the future but of course there is always lots of uncertainty.
    23 Apr, 12:39 PM Reply Like
  • andredlf
    , contributor
    Comments (16) | Send Message
     
    Amazon was a very wild proposition at the time and Apple was on the verge of going bankrupt!
    23 Apr, 12:41 PM Reply Like
  • andredlf
    , contributor
    Comments (16) | Send Message
     
    When you take the long view you have to expect some fluctuations.
    23 Apr, 12:44 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    >another desperate comparison of PLUG to AAPL and AMZN

     

    >apparently unaware of differences between the three

     

    >is allowed to invest money

     

    >MFW
    23 Apr, 08:06 PM Reply Like
  • andredlf
    , contributor
    Comments (16) | Send Message
     
    Go back to the time when Microsoft had to save AAPL from bankrupcy and to the beginning of AMZN when Amazon bashing was the game in town. Do not forget that PLUg has the backing of Air Liquide which is a pwerful company and although hydrogen may not be the fuel of the future it deserves some consideration. I agree that short term PLUG may be a wild bet but in the long run they have a good probality of being successful.
    24 Apr, 09:29 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    15 million shares being offered, that's about 80 million$ that should help fill a lot of orders, and keep the lights on for a while Takes $ to make $
    22 Apr, 05:15 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    Time to switch to an index fund cactus? Check out SPY
    22 Apr, 05:18 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Thanks I'm just doing this for a hobby. But maybe should have stuck to remote control helicopters. It's not like I'm blowing my retirement fund.. That would be impossible. But does the new offering represent about 5% or less than current shares outstanding?
    22 Apr, 05:22 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    My math is not very good, but does any of the BEARS that are looking out for the the the investors like me know what the dilution % is to outstanding shares? If your really trying to help what's the %
    22 Apr, 05:36 PM Reply Like
  • Get a Dog
    , contributor
    Comments (204) | Send Message
     
    Okay, I slammed you pretty hard before, but with some of the hate you've spewed in the past (some of it directed at me personally), I think you know you deserved it and you took it like a man, so I respect that.

     

    I will honestly try to help you here. If you don't know exactly where to go to get the information you need and now to perform the calculations, then you have no business purchasing individual stocks at this time. You need to spend A LOT of time educating yourself.

     

    Do your retirement funds a favor and stick to managed ETFs or better yet mutual funds. In particular look hard at the index fund offerings. The waiting until the end of the day to sell a mutual fund, will help curb an itchy trigger finger. This is honestly the best advice I can give to help you.
    22 Apr, 07:46 PM Reply Like
  • Continental Kid
    , contributor
    Comments (211) | Send Message
     
    The current float before today on think or swim was listed at 144 million shares.....not sure about warrants outstanding.....third dilution this year alone.......started the year at appprox 117 million outstanding....

     

    The CEO is a used car salesman......every tv appearance or conference call this year has been followed by a spike and a dilution within days....

     

    To make it worse Cowan writes up pump up articles for PLUG.....as they handle the secondaries....

     

    Sadly I know people caught up in this junk.....

     

    Best of luck to all......
    22 Apr, 10:45 PM Reply Like
  • leopardtrader
    , contributor
    Comments (1174) | Send Message
     
    What is so scam about offering? Many companies have done it and still went 10X. There is no materially adverse action here. To invest one needs to do DD on the story ( the business) and then the company market share and be patient. Money cant be plugged just on minute basis
    22 Apr, 05:39 PM Reply Like
  • lildimsum7
    , contributor
    Comments (541) | Send Message
     
    people who do "DD" based on stories deserve to sink with the ship. this is the same way Enron speculators thought. in a few years, PLUG will be placed in the "madness of men" pile, just like techs in 2000, JRCC, STP, Enron, etc.
    22 Apr, 05:48 PM Reply Like
  • leopardtrader
    , contributor
    Comments (1174) | Send Message
     
    Same story with TSLA with loads of offerings and we all see where it has taken us to. Many people just invest with their hearts not their brains. There must be a reason only about ~3% of investors and/or businesses succeed. Acumen and common sense not so easy trait in human DNA
    22 Apr, 06:01 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    Another swing and miss!!
    22 Apr, 06:05 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    -another comparison to TSLA

     

    -not being ironic

     

    -MFW
    22 Apr, 06:49 PM Reply Like
  • platts3
    , contributor
    Comments (48) | Send Message
     
    no one thinks about the future of this company. shorts are always backward looking as they have to cover their tail. a short by definition will have no conviction about plug - good luck to them!
    22 Apr, 05:42 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    If PLUG puts 80million in their pockets off of future investors that's a good thing. 80 million $ should keep the doors open for the rest of year. Marsh could have done 20 million shares if he was real greedy..
    22 Apr, 05:49 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    you should really be indexing...
    22 Apr, 06:06 PM Reply Like
  • D00ner
    , contributor
    Comments (29) | Send Message
     
    Buy at 6, sell at 8. Trade it ! Third time ! Keep some for the long term also.
    22 Apr, 05:54 PM Reply Like
  • Mortonk
    , contributor
    Comments (172) | Send Message
     
    This does look look like desperate measures again, rather than being in control, why was this not mentioned in the big update yesterday if it was such a good deal.......seriously flawed management still hoping for a way out. Every sale is still costing more than it makes, that is bad business in any language......!
    22 Apr, 05:55 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3675) | Send Message
     
    Management was clearly hoping the conference call would drive the stock up to like $10 and then they could price at like $8.

     

    This offering has probably been planned for a couple weeks at least, and Marsh figured he could 'play' the game.

     

    I mean seriously, the strung out press releases and promises of 'new' news? A BILLION-cap company with 'promises' of multi-billions doesn't act that way.

     

    I'm assuming the pricing on these shares will be $4-$5, perhaps even lower. This is actually a legitimate underwriting from higher-tier firms unlike the other private placements.
    22 Apr, 10:06 PM Reply Like
  • Nathan Brooks
    , contributor
    Comments (424) | Send Message
     
    Agree with you completely on Marsh and his outrageous pumping. Would love to see $4-$5 pricing on placement, but suspect nearer $6.
    23 Apr, 02:39 AM Reply Like
  • disappointedplugger
    , contributor
    Comments (6) | Send Message
     
    I own shares of Plug, but am disappointed by the announcement from yesterday. The news, in and of itself, was not bad. However, the lead-up into it was misleading. What happened to that "big announcement" regarding the automaker? What was announced yesterday was a letdown. Now this?! The CEO needs to "put up or shut up" at this point. No more "announcements". Just show me the profits!
    22 Apr, 05:58 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    Welcome to the world of Andy Marsh, rube-fleecer extraordinaire.

     

    He thanks you for your donation!
    22 Apr, 06:58 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3675) | Send Message
     
    First rational comment I've heard from a long. See above.
    22 Apr, 10:06 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    It's not all bad - Positives for Plug 'investors':
    1) Tax losses - you can use up to $3000 against wages
    2) Satisfaction of knowing you've helped enrich Marsh
    3) Prestige associated with being/having been a 'Plugger'
    4) Feeling of hope felt while you thought you were on your way to easy millions
    5) After messing up active investing this badly, you are likely to possess the humility needed to index
    22 Apr, 06:42 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    lets not forget:

     

    6) Getting to learn firsthand the definition of "hubris"
    22 Apr, 06:51 PM Reply Like
  • Alphadogspartan
    , contributor
    Comments (193) | Send Message
     
    may include capital expenditures and potential acquisitions.
    22 Apr, 06:57 PM Reply Like
  • Weighing Machine
    , contributor
    Comments (700) | Send Message
     
    You can add this to ur 97 reasons to buy plug alpha
    22 Apr, 07:06 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Talk about a one-two $PLUG punch! No PLUG peep about this yesterday. Thought that was what updates are for? Was lamenting cashing out at 6.70 today....not anymore!
    22 Apr, 07:13 PM Reply Like
  • Get a Dog
    , contributor
    Comments (204) | Send Message
     
    If anyone still has any doubts as to trusting Marsh at all, then remember this sequence of events: During the Jan CC (after the first debt offering this year) Marsh stated that they now had $46 million in the bank and only would need to spend $10 million of that this year to support operations until the company reaches EBIDTAS breakeven. There should be absolutely no doubt about or possible misunderstanding of that statement. Then he turns right around and does a second debt offering again with full warrant sweeteners. Now he is going for round three to the public for a yet to be determined amount. Does this sound like a guy who cares that shareholders actually own the company. Is this somebody you would do business with at all? Of any type? I wouldn't trust him to walk my dog. And my dog knows the way back home...
    22 Apr, 07:27 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Well put John. Starting to have my doubts now. The only aspect I can figure is lost shareholder value is viewed as secondary evil to not having enough cash on hand to fulfill your obligations and operational needs, and that those expenses have dramatically increased in line with more bookings, exceeding the January cash burn expectation. This Hyundai JV might be a catalyst for this. Of course, we don't know details on this arrangement either. Ultimately, if customers or partners are disappointed, they're truly screwed.
    If this is the case, a nice transparent explanation would have been proper yesterday.
    Or, keeping their mouth shut and keeping us guessing while the piggybank is raided for "other" reasons.
    22 Apr, 08:43 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3675) | Send Message
     
    RayeBob,

     

    You're the only (somewhat) 'civil' long I bumped in to, and I sincerely hope your exposure here wasn't great.

     

    The problem with $PLUG was that their story just didn't add up to common sense. They have been making these devices for 4+ years, and 2013 saw a DECLINE in sales.

     

    Gross profit is negative-- that's a HUGE sign of problems especially considering the sales prices were boosted by the help of a Federal tax credit.

     

    When quantities increasing causes a LARGER loss, you know there are some serious economic issues in place, as common sense dictates that larger quanities --> greater scale --> lower impact of 'overhead' --> higher EBITDA.

     

    In PLUG's case, the more they sell, the more they lose.

     

    Cummins is one of the best. If there was a HUGE international opportunity to capitalize on fuel cells, do you really think they'd toss ReliOn for a song? Do you think $GE, $GM, etc would have passed on taking $PLUG private last year?

     

    Perhaps the latter question is understandable considering that $GM passed on $TSLA, Blockbuster passed on $NFLX and $BKS passed on $AMZN, but the ReliOn case just doesn't add up.

     

    I mean... $4M!? You can't buy a custom engineered ice cream cone maker for $4M, much less an "obvious" "groundbreaking" "disrupting" "wildly profitable" technology.

     

    PLUG itself priced at $1.2B for a few days...

     

    ----------

     

    The problem with longs, imo, was that they thought they were smarter than virtually the entire investment universe. Smarter than $GE, $TSLA, $GM, Cummins, even other fuel cell ventures on the business side AND-- smarter than the best short sell research (Citron) on the market.

     

    Most of the longs (at least claimed to be) admittedly knew next to nothing about the actual technology or investing in general.

     

    ----------

     

    That being said, the 'game' isn't over. It's a supply/demand equation. I think the pricing will be $4-$5, perhaps lower, but the stock could still rally.

     

    Long term though, this is clearly a sucker's bet.
    22 Apr, 10:16 PM Reply Like
  • Nathan Brooks
    , contributor
    Comments (424) | Send Message
     
    Debt offering? Though they raised equity.
    23 Apr, 02:42 AM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Fair and thoughtful assessment J. Thanks for the "somewhat civil" compliment. Not sure I qualified as "long" other than not playing on the short side, became more of a trader due to the volatility to protect earlier profits. Took a fractional loss yesterday cashing out, seemingly a good trade afterall given the aftermarket news. Totally unexposed at the moment.
    Again, the timing of this new stock offering announced ONE day after the so-called conference call "update" was so unnecessary. They had a great opportunity to go transparent, and decidedly chose not to.
    Still think hydrogen tech will be successful eventually. Still in its infancy and we'll all stay tuned to which companies mature in the space.
    Best Regards and Good Luck!
    23 Apr, 06:17 AM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”

     

    —Jesse Livermore, How To Trade In Stocks
    22 Apr, 08:47 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Speaks to the fact that motivated women tend overall to be better money handlers/investors than men. Men let their egos get in the way, for instance, absolutely refusing to trade out taking a loss, to live to fight another day. Guys just rush the trench line directly at the machine guns it seems.
    23 Apr, 06:31 AM Reply Like
  • CAMAGOO
    , contributor
    Comments (8) | Send Message
     
    A lot of shorts on this page today, setting there self's up to make some terrific gains down the road . I would love to see folks dump there holding's going in BIG time.Go ahead we are ready!Like I've said before, I think they have woken the sleeping giant!!Consider everything Plug has accomplished up til this day.Go ahead MAKE MY DAY!!
    22 Apr, 08:55 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    CAMAGOO-

     

    from your own bio: "Middle aged invester playing catch up for my retirement goals. "

     

    Aside from the numerous cautionary spelling errors, your posts always have this same tone. You exhibit that characteristic of "us", as if anyone is on your team but you. I'm considering all that PLUG accomplished, which primarily seems to be 1) Selling lots of stock to PT Barnums's demographic and 2) Somehow convincing people that forklifts are a dynamic, "disruptive" market

     

    You want to see holdings dumped bigtime? You're "ready"? Wish granted.

     

    Catch up for retirement goals and $PLUG are contraindicated. Do your heirs a favor and Google "index funds" and "Vanguard"

     

    #endcommunication
    23 Apr, 08:24 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Mutual funds sound about as much fun as kissing your sister, so I think I'll pass. If you want to kiss my sister she's all yours ..lol and you need not worry about my retirement fund, cause there's more$ in there than you'll ever live to see. If the new offering is 15 million shares what is the % of the current float.. Come on man I thought your trying to help. And for what it's worth I've already cleared profits twice, now I'm down about $800 on my 3rd go round
    22 Apr, 09:00 PM Reply Like
  • Nathan Brooks
    , contributor
    Comments (424) | Send Message
     
    It's about 10%, you can read the details on the prospectus, which is published on PLUG's website. In addition to that 15 million, Marsh is also boosting the company's stock option incentive plan from 6.5 million to 17 million options.
    23 Apr, 02:47 AM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Wonder if the increased option incentive plan is due to the increased staff primarily from ReliOn? Reportedly many of their employees, some engineers, were retained by PLUG. PLUG retention :)
    23 Apr, 06:54 AM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    Where are you tonight, oh bold smacktalkers?:

     

    seekingmark
    Comments (60)

     

    Interesting that the (Short one sided)author did not list one of the many contracts about to be announced this month or what he expects hear from the CC on Monday ............I would expect that this author will soon be covering his short position by the end of the week .......I just hope he owns more then one shirt ........Look for every automaker to sign contracts with PLUG very soon ..........

     

    Andrew Nguyen
    Comments (7)

     

    Another shart! nothing new about these kind of SA article timed perfectly just right before or after announcing of PLUG positive news. The sharts will be squeezed hard comming after schedule Monday PLUG conference call.

     

    Catsrevenge
    Comments (144)

     

    Cover your shorts on Monday and beyond. Hydrogen fuel cells will gain traction moving forward no matter what the bears/shorts say. Plug will never see $2 again,IMO. BLDP,PLUG,FCEL, all should do well as green energy continues to be sought after more than ever by end users. Check this link > http://bloom.bg/1gKlUx0

     

    White_Knight_in_Texas
    Comments (20)

     

    I agree that the PLUG shorts will likely get caught in a massive short squeeze as Plug Power will likely release "good news" during the Monday Morning "Business Update Conference Call" scheduled at 9:00am CT.

     

    Dilligas44
    Comments (49)

     

    Interesting that all the shart posters opine that they will be buyers at prices ranging from .50 to 2.50. Wake up folks, you missed it, that opportunity was last year but stock is available from 7.0 to 20.0 in 2014

     

    tunthan
    Comments (228)

     

    Until now, they can't even break $6.50, leave along talking about the stock falling to $4. So far bulls are winning & shorts have lost so much money in one year. They should have learned that lesson already, but on Monday they will lose so much money again (probably - 100-200%) and definitely feel regret about their stupidity being shorts while they learn the most expensive, but stupid, lesson about what made them pick the wrong side.

     

    ***
    That last one is priceless...

     

    Mind you, this is from ONE thread. I can post 50 replies where the smug "longs" (i.e. idiot new investors who have no idea how this game works) are HOPING for shorts to lose money. Oh, they're so clever! "Sharts" instead of "shorts". Because shorting is somehow equated to pooping one's self!

     

    Hey legion of sheep? Do you smell that? That's your hard earned money being transferred to PLUG's cronies. The only sharting going on here is all over you, by your new era clean technology savior / forklift power maker.

     

    I never hope anyone loses money in the market (unless theyre the contra in my trade), but I must say, the personally nasty tone of the "longs" reinforces that you certainly reap what you sow. Karma comes for us all.
    22 Apr, 09:01 PM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Most of the longs are probably passed out already from drinking away their pain, I just woke up from a nap so I'm still here, thanks for not posting all my idiotic statements. But I am still in the positive .. It's a good thing the market closed. I might not be whistling Dixie in the morning. If I ever get to the point to where I have to trade mutual funds I'll pick up my ball and go home. Lol
    22 Apr, 09:24 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    Listen, you seem like an alright guy, if a bit misguided. None of us are hoping you lose money. If we're short, its nothing more than a market opportunity, and we'd flip to long in about .0003 seconds if that was the temperature of the water, so to speak. That's what trading is about, and successful traders play BOTH sides, could care less which that happens to be or what other people think about them.

     

    This isn't personal. It's business. I may stir the pot a bit (ok, a lot), because it amuses me to do so, but I do try to give good advice, and get some in return. Stop being a "long" or a "short" and look at every situation from both sides.

     

    Good luck!
    22 Apr, 09:35 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Best concise advice I've read in awhile.
    22 Apr, 10:18 PM Reply Like
  • J Mintzmyer
    , contributor
    Comments (3675) | Send Message
     
    Bulls make money. Bears make money. Pigs get slaughtered.

     

    Nothing wrong with mutual funds. The S&P index returned 30% last year. That's an AWESOME return.

     

    If you really have such a large retirement account, I have no idea what you are doing betting on such crazy long-shot stocks.

     

    Then again, I know of several Drs. who are "geniuses" in their own realm, are worth several $M, and yet lose $100k+ a year on stupid biotech stocks.

     

    When age 60 rolls around, they'll have maybe $1M, instead of the $10M+ they could have had just by indexing with a SEP.

     

    --------

     

    I don't fully believe in the EMH, otherwise, why the hell would I be here?

     

    I consider myself fairly skilled in the game- certainly others may disagree.

     

    I take a lot of HUGE risks-- i.e. my massive position in PLUG betting on a conference flop--- this secondary was pure icing (luck).

     

    However, even someone like myself, who is a confident well-educated risk taker, has maybe 30% of my net wealth in indexes, and another 30-40% in blue chips.

     

    I could completely wet the bed and still be pretty well off-- when you make snide comments about mutual funds and indexes, especially considering your recently demonstrated public ignorance, it really makes me cringe.
    22 Apr, 10:20 PM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    Just an amusing coincidence. Cactus offers up his sister for a kiss and Purple gets very friendly. Hmmmm. Methinks Cactus sent a sista photo to someone?
    23 Apr, 06:43 AM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    Haha Raye... I literally lol'ed at that.

     

    Now Im wondering if I should buy this shitstorm under 6 and sell the 6 calls expiring Friday....
    23 Apr, 08:25 AM Reply Like
  • RayeBob
    , contributor
    Comments (148) | Send Message
     
    BTW, was researching indoor weed grows yesterday. Just for knowledge not implementation you see. Came across reference to a strain called "Purple Kush". Before you get too excited, there's a recall.....http://on-msn.com/QEPTzW

     

    So, don't go changin' your avatar just yet!
    23 Apr, 11:25 AM Reply Like
  • smallfry317419
    , contributor
    Comment (1) | Send Message
     
    enjoy very much the back and forth; this reminds me so much of the passion of the apple investors during the jobsian era; lot of comparisons to both apple and amazon in my view; i honestly dont know where this stock is headed but will continue to watch with interest; does anybody see consolidation or buyout coming anytime soon in this space? which players and who do you think will rise to the top of the heap? or do you think the technology is either not ultimately profitable or that something else even more disruptive on the horizon? thanks for any answers and profitable futures to all--smallfry
    22 Apr, 10:03 PM Reply Like
  • Amit Ghate
    , contributor
    Comments (194) | Send Message
     
    IMO, the comparisons to Apple and Amazon lie solely in the passion of the stockholders; PLUG has nothing comparable to those other two companies in terms of technology, disruptive business model or anything else. If it's the technology that you think is disruptive, then BLDP is a closer analog (though one should realize that Apple may be a once a generation type stock, not readily duplicated).
    22 Apr, 11:24 PM Reply Like
  • Amatot
    , contributor
    Comments (12) | Send Message
     
    To all the shorts Are you in at $4-5 now there will be more shares to buy?
    23 Apr, 02:33 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Indexing? Sep ? I don't even know what that means, but that 30% sounds attractive. Maybe I'll put some of holdings in a mutual before I wipe out my account. I guess maybe it's time for me to kiss my sister.. Is F a blue chip?
    23 Apr, 06:58 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    I guess I bet on crazy long shot stocks for the thrill of it. Like PHOT that was a quite the high( no pun intended) while it lasted. So my CPA says I need more write offs.. Well I sure got a nice one with PHOT. Lol but I do still believe in PLUG and won't be selling.
    23 Apr, 07:14 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    Thanks for the slap, I think I needed that. At this point in time the market is just a hobby. When I get older and more mature I'm sure I'll see things differently. I'll be putting some $s into a mutual fund next week. Cause at the end of the day a 10 million$ yacht is better than a 1 million $ yacht
    23 Apr, 08:14 AM Reply Like
  • lildimsum7
    , contributor
    Comments (541) | Send Message
     
    it's good to be humbled. in 07 or 08, I thought I was a genius for making 60%+ in a week. Turns out it was dumb luck in some hyped up stocks (JRCC was one of them; I just checked it, it's $0.30 now! lol). you gotta realize that behind every stock is a company, which is why it makes sense to analyze the business, especially since you're part owner. stories don't make a business money; results do.

     

    so many people thought they were geniuses in the tech bubble. I heard of plumbers making 100x their investments within a year. I suppose Cramer was a genius for riding the bubble and selling at the top. now he's got 9-figures to his name.
    25 Apr, 08:24 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    Pretty sure JRCC also just got delisted and bankrupt.

     

    Just sayin.
    26 Apr, 11:38 AM Reply Like
  • lildimsum7
    , contributor
    Comments (541) | Send Message
     
    it's now JRCCQ. but yup, they're basically dead meat and stupid people are still buying the stock. reminds me of PLUG's speculators
    26 Apr, 12:51 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    I hope PLUG doesnt go out, if only because it is by far the liveliest of discussion threads.
    26 Apr, 06:02 PM Reply Like
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