Check out this post from August of 2015. In it I explained how Plugpower was possibly at the bottom of a B wave which would bottom soon and then had the ability to skyrocket back up into the $100 region. Not because of fundamentals. Not because of news that I had heard. Simply because of the wave count and nothing more.
Current actual is below. What seemed impossible to the human emotions was actually the most likely thing to occur when you looked at the data through the eyes of the Elliott wave principle. You should also know that when this hits that C wave, the stock market is over. Much of it will collapse, 20+% of listed stocks will evaporate and there will be a long bear market of perhaps 10+ years. So party hardy while you can because judgement day is right coming up soon enough.
I say again, this 3 wave bounce to just shy of the level of the prior 4th is a correction and these shares will then likely collapse and go bankrupt. Yes I know seems unlikely. But so did this meteoric rise from the bottom and it happened just like the model expected. Plus, look around. The country is in shambles with vindictive shitty little children, literally, in charge. A house divided cannot stand.
1 comment:
Even though your pattern looked pretty good, I gave up on this because it was so slow, and so I missed most of the gain. But I've gotten more interested in it again with this dip. I think it's going significantly above 100.
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