I would be surprised if they don't dilute again to survive. Look at this long term chart, lol. If they're smart, they'll do it this quarter while the market is still in a bubble.
Funny how the monthly MFI only goes overbought during a bubble.
BTW, the price level isn't a glitch, this thing has reverse split many times. Anyone who traded during the Dot Com bubble remembers fuel cell companies were also in a bubble, look at BLDP charts.
ANyways, none of this means it'll go down on earnings, but at least you know why I'm bearish.
Funny how the monthly MFI only goes overbought during a bubble.
BTW, the price level isn't a glitch, this thing has reverse split many times. Anyone who traded during the Dot Com bubble remembers fuel cell companies were also in a bubble, look at BLDP charts.
ANyways, none of this means it'll go down on earnings, but at least you know why I'm bearish.
Trade closed manually
FYI, I flipped my puts on open. Easy money.Note
This market is so stupid, FCEL should offer more shares. 5% dilution would get rid of all their debt, and they can use their invested capital to pay for their quarterly losses, lol.It'll explode if they break even for a quarter because the market is stupid.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.