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To: AllansAlias who wrote (7953)8/2/2000 10:24:15 AM
From: Perspective  Read Replies (2) | Respond to of 436258
 
I think those of us short BLDP and comparable ilk are there because of the vertical line in the chart in January. Unless I haven't dug deeply enough, I believe the move from a $2B market cap to $8B market cap was not due to improving fundamentals, just lots of liquidity looking for another way to exit the market.

Please correct me if I'm wrong!

I also believe the market won't be so magnanimous in the second downleg of a bear. One of my main strategies has been to take note of what all the idiots have been doing, and then come back and do the opposite when it appears the mania is dying (which hopefully is now). Tons of people threw money at BLDP and PLUG because of what we've all identified as a tech-stock mania.

Do you have an opinion on PLUG? They seem even less deserving of their multi-billion dollar market cap given their focus.