PLU Power Price crushed by dilution announcement LONG
On the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement.
Buying shares in a chas burning enterprise is risky business. However, the prospects of
a rescue with a federal grant from the Green Left initiative can come any time. Shares
are on sale. So are OTM call options expiring after the recovery if there is one. Price is
showing a glimmer of a bounce with upgoing MACD lines and the fast RSI line rising and crossing
over the slower one and heading to the 50 level. I will take a long trade when price
gets through the Ichimoku cloud at 3.15 with a stop just below the cloud. I may add to
it when price gets over the upper VWAP band situated at 3.5 which is confluent with
the 0.5 Fib retracement price value. As a penny stock, all can afford
stock or options. As to the options, the monthly in two days if only a prospect for those trading
options.in a day-trade or nearly day trade fashion, I will look at the February 16 expiring
options with a strike of $ 4.00 to $ 5.00 and take a bunch of them allowing for secondary
targets and taking partial profits.
Buying shares in a chas burning enterprise is risky business. However, the prospects of
a rescue with a federal grant from the Green Left initiative can come any time. Shares
are on sale. So are OTM call options expiring after the recovery if there is one. Price is
showing a glimmer of a bounce with upgoing MACD lines and the fast RSI line rising and crossing
over the slower one and heading to the 50 level. I will take a long trade when price
gets through the Ichimoku cloud at 3.15 with a stop just below the cloud. I may add to
it when price gets over the upper VWAP band situated at 3.5 which is confluent with
the 0.5 Fib retracement price value. As a penny stock, all can afford
stock or options. As to the options, the monthly in two days if only a prospect for those trading
options.in a day-trade or nearly day trade fashion, I will look at the February 16 expiring
options with a strike of $ 4.00 to $ 5.00 and take a bunch of them allowing for secondary
targets and taking partial profits.
Trade active:
I am looking for a little rise to stimulate some short sellers to start buying to cover
and take profit and buying pressure along with new buyers such as myself to begin
to squeeze the price action. Time will tell.
and take profit and buying pressure along with new buyers such as myself to begin
to squeeze the price action. Time will tell.
Trade active:
PLUG finished the week with a nice rise today. The question is it enough to setup
the short squeeze I anticipate. Will watch the premarket on Monday for planning
to take a partial profit on the calls at a high of the day on Monday. May elect to
add at the low of the day on Wednesday as a risk management exercise.
the short squeeze I anticipate. Will watch the premarket on Monday for planning
to take a partial profit on the calls at a high of the day on Monday. May elect to
add at the low of the day on Wednesday as a risk management exercise.
Trade active:
Price rising to the underside of the Ichimoku Cloud indicator on the 15-minute chart
offers a sign of bullish momentum. Dilution drops market cap. Market cap recovery
funds the dilution. ( conspiracy? or not?)
offers a sign of bullish momentum. Dilution drops market cap. Market cap recovery
funds the dilution. ( conspiracy? or not?)
Comment:
Trade closed: target reached:
PLUG exploded and call options went nuclear and parabolic. Full position and all profits off the table. On the watch list now for puts from overbought.
Trade active:
Profits reinvested and PLUG up over 50% for January. Bullish outlook for February.
Trade active:
