Monday, 10 March 2014

1pm update - plugged into hysteria

Whilst the main market continues to attempt to claw back to green, there is some notable hysteria in Plug Power (PLUG), +33% in the $11s - having been in the $6s just a few days ago. Despite making no profits, the stock is soaring on heavy buying volume.

PLUG, daily (non log chart)


PLUG even got a mention on clown finance TV this morning.

On any basis..this is now a parabolic hysteria based insanity.

Completely vulnerable to an extreme intraday reversal at any time.

As for the main market...

Not much to add...bears just don't yet have the downside power. Broader trend remains...UP.