RE: Plug power up 8%5 Mar 2025 09:32
Eastwood I agree with the points which you make, but I think this little board, discussing this little stock is somehow key for them. If you look how many new users have come and gone while all trying to tow the same line. Granted they have slightly improved their approach over the past months but the same underlying approach is used, which is to spread fear.
Whether this board is significant or not, the fact is Yesterday the price fell to 27p yet only 1.7m shares traded hands, which is less than 0.3% of all shares in circulation, which also means that even at this low price 99.7% of shareholders did not sell their shares.
I strongly believe they would be happy to now sell their 23 million ( give or take between Helikon and Qube ) but look at this morning, up by 6% on only 300,000 shares traded, so 99.95% of shareholders have taken no action this morning yet the price has risen by 6%.
What price movement would it take for them to get hold of the remaining 3.5% / 22.7 million of the shares which they require to cash in this profit?
There is a huge amount of profit at stake for them, I have some experience of the financial world and I know the lengths people will go to for greed. I have no doubt that they see "this little board" as a key part of their strategy in getting the volume they need to realise their profits at others demise.
For this reason I am holding the shares which I have bought for the long term, and I am topping up at these great levels where I can afford to. ( Not advice, DYOR ) .