Whilst the main market climbed, the hysteria continued to wane in the fuel cell stocks. Plug Power (PLUG) continued to weaken, closing -8.7% @ $5.94. Near term outlook is bearish, with next soft support (arguably) the 50 day MA, down in the $4.30s.
I just wanted to highlight this crazy stock again as a reminder of what happens when all the hysteria drys up.
Without the media attention, without the pumpers, PLUG doesn't merit much attention at all.
..and I should probably leave it at that.
*I've never traded PLUG, and have ZERO tolerance for the hysteria stocks...the ride up could be fun..but it almost always ends the same.
What happened to buying companies with a sound balance sheet, and that make a reliable profit?
Oh yeah..don't get me started on AMZN or TWTR !