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Strategies & Market Trends : Rande Is . . . HOME
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To: manny t who wrote (25422)5/5/2000 3:53:00 PM
From: Rande Is  Read Replies (2) of 57584
 
Who were the instigators of the PLUG hoax?

I have no proof one way or another. . . . however. . .

Goldman Sachs and Bear Stearns downgraded PLUG based on the phoney article that came out yesterday.

Turns out there never was a problem! GE says, "they WILL buy the 450 units". . . in other words they NEVER said they wouldn't! . . . just as we thought! It was a hoax perpetrated by short-sellers.

Not pointing fingers. . . but this was a terrible manipulation. . . . in the final minutes of the day on Wednesday. . . PLUG ran up past $81 where short-sellers no doubt took massive positions. . . overnight "the article" was contrived and released on Thursday. . . it was misleading to investors. . .who quickly sold off their stock. . .driving the price all the way down to $47. . . where massive short-covering occurred over time today. . . and no doubt these same crooked players went long around $47.

Then this afternoon, the denial letter was published by General Electric. . .and the price has returned back to $57. . .

The whole thing was a hoax!!

And anyone that lost money on the wild volatility in PLUG over the past few days. . .can file their report at sec.enforcement.gov

Having known the story on PLUG quite well. . .many of us profited today by buying the dip. I increased my position by 150% down around $48 today. . . which seemed like a no-brainer at the time.

And that is the way the market REALLY works. . . .like it or not.

Rande Is
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