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Why Short-Term Traders Should Keep Plug Power on Their Radar Screens
From the Buzz & Banter: The company's secondary share offering could lead to strong buying interest and a continuation of prior momentum.
Michael Comeau    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Yesterday on the Buzz & Banter, we highlighted the white-hot action (subscription required) in fuel cell stocks Plug Power (NASDAQ:PLUG), Fuelcell Energy (NASDAQ:FCEL), and Ballard Power (NASDAQ:BLDP).

Plug Power is taking advantage of the movement, as it just announced a secondary offering of 3.9 million shares at $5.74, with net proceeds after expenses of about $21.5 million.

Plug is down 7.3% on the news to $6.26, but keep your eyes open.

When a company announces a secondary offering resulting in a stock drop, sometimes you'll see a very rapid snap back. That can be an indication of strong buying interest and a continuation of prior momentum.

We've seen this happen with momo names like Tesla Motors (NASDAQ:TSLA) and Pandora Media (NYSE:P), so short-term traders should keep Plug on their radar screens.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
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No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Why Short-Term Traders Should Keep Plug Power on Their Radar Screens
From the Buzz & Banter: The company's secondary share offering could lead to strong buying interest and a continuation of prior momentum.
Michael Comeau    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Yesterday on the Buzz & Banter, we highlighted the white-hot action (subscription required) in fuel cell stocks Plug Power (NASDAQ:PLUG), Fuelcell Energy (NASDAQ:FCEL), and Ballard Power (NASDAQ:BLDP).

Plug Power is taking advantage of the movement, as it just announced a secondary offering of 3.9 million shares at $5.74, with net proceeds after expenses of about $21.5 million.

Plug is down 7.3% on the news to $6.26, but keep your eyes open.

When a company announces a secondary offering resulting in a stock drop, sometimes you'll see a very rapid snap back. That can be an indication of strong buying interest and a continuation of prior momentum.

We've seen this happen with momo names like Tesla Motors (NASDAQ:TSLA) and Pandora Media (NYSE:P), so short-term traders should keep Plug on their radar screens.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Why Short-Term Traders Should Keep Plug Power on Their Radar Screens
From the Buzz & Banter: The company's secondary share offering could lead to strong buying interest and a continuation of prior momentum.
Michael Comeau    

This article was originally posted on the Buzz & Banter where subscribers can follow over 30 professional traders as they share their ideas in real time. Want access to the Buzz plus unlimited market commentary? Click here to learn more about MV PRO+.

Yesterday on the Buzz & Banter, we highlighted the white-hot action (subscription required) in fuel cell stocks Plug Power (NASDAQ:PLUG), Fuelcell Energy (NASDAQ:FCEL), and Ballard Power (NASDAQ:BLDP).

Plug Power is taking advantage of the movement, as it just announced a secondary offering of 3.9 million shares at $5.74, with net proceeds after expenses of about $21.5 million.

Plug is down 7.3% on the news to $6.26, but keep your eyes open.

When a company announces a secondary offering resulting in a stock drop, sometimes you'll see a very rapid snap back. That can be an indication of strong buying interest and a continuation of prior momentum.

We've seen this happen with momo names like Tesla Motors (NASDAQ:TSLA) and Pandora Media (NYSE:P), so short-term traders should keep Plug on their radar screens.

Twitter: @MichaelComeau

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
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