sp'daily5
Summary
Action in the indexes is a touch interesting...but really....
The real action is in the hysteria that is PLUG
Clown finance TV has just brought on some guest who is claiming 'fair value' 50 cents, bring up such obvious issues as 'it doesn't make any money'.
PLUG, daily
The black-fail candle in the morning on the daily was a warning of trouble..and we are now seeing herd bail...but the exit door is too small. We've seen two very rare..intraday gap downs.
There can be no excuse for anyone being surprised by this implosion.
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3.01pm.. The R2K....which is now significantly lower...
However, I'd only consider a problem below <1180..so..6pts of buffer zone left.
3.39pm...moderate declines, but there just isn't the downside power...and we're now vulnerable to pushing back up...to probable...new highs.
meanwhile..PLUG -36% (low so far..-41%).
I wonder how many were chasing it higher this morning in the $11s, and are now vainly still holding long..with hopes of a rebound on Thursday earnings?