Fuel Cells Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Fuel Cells

FCEL 8.450

+1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BSD who started this subject	9/20/2000 12:14:33 AM
From: B.K.Myers	Read Replies (1) of 196

FuelCell Energy (FCEL) traded as low as $68.50 today and closed at $71.00 (below its 10 day moving average). In an earlier post (http://www.siliconinvestor.com/readmsg.aspx?msgid=14379937) I noted that at $65.50, FCEL has a market capitalization of $1 billion. If FCEL falls below this $1 billion capitalization level, we will probably see some heavy selling as some institutions pull out. I don’t expect this to happen. Although I do believe that part of the reason for the recent run up in price was due to institutions rotating money out of other sectors (telecom, semiconductor, internet, etc.), part of this run up had to be related to the current energy problems. And these problems still exist, so this sector is still poised for strong growth. I believe that the institutions will step up and keep the price above this level and that in turn might even ignite some more upward momentum. But, if FCEL does fall below $65.50 on heavy volume, I would expect the selling to continue. It looks like there is weak support in the upper $50s and after that in the low $40s. Should be interesting to see how this plays out. B.K.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next