PLUG Unplugged

Tyler Durden's picture


The US equity market summarized in one chart...



... soars on momentum, panic buying and FOMO euphoria, and then promptly crashes when even one conflicted, semi-credible micro-cap short-seller dares to speak out against the herd.

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Tue, 03/11/2014 - 14:59 | 4535244 g'kar
g'kar's picture

It's best not to watch anything but the FED's balance sheet.

Tue, 03/11/2014 - 15:05 | 4535280 dow jones 20000
dow jones 20000's picture

whoever invested in this must've been a real PLUG

Tue, 03/11/2014 - 15:09 | 4535298 ParkAveFlasher
ParkAveFlasher's picture

Nothing saves this company but cocaine smuggling.  In fact, nothing saves most companies but cocaine smuggling.

Tue, 03/11/2014 - 15:50 | 4535477 Levadiakos
Levadiakos's picture

It worked so well for DeLorean huh?

Tue, 03/11/2014 - 15:59 | 4535522 Headbanger
Headbanger's picture

Fuel cell powered vibrators is a much better idea!

Tue, 03/11/2014 - 16:01 | 4535528 Keyser
Keyser's picture

Looks like a classic pump-and-dump to me. It has the pattern of a Timothy Sykes operation.

Tue, 03/11/2014 - 16:26 | 4535619 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Plugged up the ass! Bitchez!!!

Tue, 03/11/2014 - 15:33 | 4535325 DoChenRollingBearing
DoChenRollingBearing's picture

dow jones 20000


A company I have carefully for over two years is Molycorp (MCP, a rare earth mine in California, a "story stock"), partly owned by (who else?) Goldman Sachs when they IPO´d.

IPO price 14.  Ran to almost 100 (hype!).  Now down to about 5.

GS really played their muppets well here !!


<--- How is it that in Peru I get ads like that in HUNGARIAN ???

Tue, 03/11/2014 - 15:24 | 4535371 Stoploss
Stoploss's picture

Thanks to Citron for the buying op.

Tue, 03/11/2014 - 15:07 | 4535284 DoChenRollingBearing
DoChenRollingBearing's picture


I think we should be watching everything we can.  The Fed´s balance sheet may be the SINGLE biggest thing to monitor, but there are PLENTY of other worries and indicators that may matter as well.  Gold, geopolitical (Ukraine, China, Venezuela), commodity prices, FX, so so much...

"Dame el oro, pezez!"

Tue, 03/11/2014 - 15:10 | 4535306 James_Cole
James_Cole's picture

 The Fed´s balance sheet may be the SINGLE biggest thing to monitor, but there are PLENTY of other worries and indicators that may matter as well.  Gold, geopolitical (Ukraine, China, Venezuela), commodity prices, FX, so so much...

Nah, looking at anything else just muddies the picture. 

Tue, 03/11/2014 - 15:16 | 4535343 g'kar
g&#039;kar's picture

That's my line of thinking.

Tue, 03/11/2014 - 15:16 | 4535347 Dr. Richard Head
Dr. Richard Head's picture

Nothing to really look at regaridng hte Fed's balance sheet.  We all know what direction the trend is going on that...

Tue, 03/11/2014 - 15:18 | 4535354 DoChenRollingBearing
DoChenRollingBearing's picture

Good day, James.

I look at lots...  For me, even the phony-baloney price of (paper) gold is relevant.  I would further guess that hardly ANYBODY looks JUST looks at the Fed´s balance sheet.  And the Fed can play dirty pool with their stats, something you and I would go to jail for.

Tue, 03/11/2014 - 15:37 | 4535411 James_Cole
James_Cole's picture

I would further guess that hardly ANYBODY looks JUST looks at the Fed´s balance sheet.

Yeah but I would think only as proxies for what the fed is up to. A lot of people seemed to get slaughtered in 2009 because they couldn't know that the fed was dumping unlimited money into garbage. Now seems better to just assume that's always the case. 

One day that'll change, but the timing seems arbitrary. 

Tue, 03/11/2014 - 15:15 | 4535330 g'kar
g&#039;kar's picture

You are correct, I was just regurgitating the the obvious. I have no interest or investment in stocks.

Tue, 03/11/2014 - 15:16 | 4535339 NoDebt
NoDebt's picture

Yeah, but we have big oceans on either side of our country.  We get our oil and nat gas from Canada, not a grumpy former Soviet state.  If I was a furriner and didn't know much about the world, I might make the assumption that the US is equity heaven since the only thing you need to worry about is what the Fed does, which is pretty easy to predict the last five years.


Tue, 03/11/2014 - 15:29 | 4535384 DoChenRollingBearing
DoChenRollingBearing's picture

Smart bearings do not argue with nail guns, which can irreparably harm a bearing, oww!


Instead, I offer up an interesting current statistic: the eBay/24hGold gold widget (measuring eBay offer price for a 1 oz Gold Eagle vs. current spot price of gold) is now (2:25 PM US ET) shows a very high 30% price premium for Eagles!

That widget jumps around a lot, and so is not that useful, but it is an indicator of some preference for physical gold vs. paper gold.  This is one of many things I look at during the course of a day or a week.

The widget is at the bottom of that page link.

Tue, 03/11/2014 - 15:54 | 4535501 NoDebt
NoDebt's picture

It jumps like that because it can't discern the asking price of a "generic/nothing special" coin from one that's got big numismatic value above and beyond it's metal weight worth.  At least that's what I think is going on after I played with it some.

Tue, 03/11/2014 - 19:17 | 4536153 LooseLee
LooseLee's picture

Sure; if you want to see how PINKO COMMIES do finance...Execute those losers...

Tue, 03/11/2014 - 14:59 | 4535245 buzzsaw99
buzzsaw99's picture


Tue, 03/11/2014 - 15:01 | 4535253 Jason T
Jason T's picture

unplug Amazon already while you're at it.  

Tue, 03/11/2014 - 15:32 | 4535392 g'kar
g&#039;kar's picture

Not too soon, I'm still waiting for my Lee .308 dies and case length gauges to come in.

Tue, 03/11/2014 - 15:03 | 4535266 Ghostdog
Ghostdog's picture

Butt Plug

Tue, 03/11/2014 - 15:05 | 4535281 youngman
youngman's picture

UQM is another one.....its up 100% in a few days on no news..just following the Fuel cell mania...

Tue, 03/11/2014 - 15:05 | 4535282 Cursive
Cursive's picture

Easy come, easy go.

Tue, 03/11/2014 - 15:07 | 4535291 lizzy36
lizzy36's picture

I did this dance in 2000:

From National Post circa Nov 2000:



Plug Power Inc.





US$928.6-million, US$156~




US$16~, US$21%6, aptly illustrates

why investors need strong

nerves and skepticism about optimistic

company forecasts. The

company generated controversy

earlier this year after drastically

cutting its production forecast and

saying a commerci




l unit will not

be ready until 2002, leading to numerous

class lawsuits in the U.S.

and the resignation of its then

chief executive.


Tue, 03/11/2014 - 15:08 | 4535295 NoDebt
NoDebt's picture

Nothing like going round-trip on a trade in less than a week.

Tue, 03/11/2014 - 15:18 | 4535353 Dr. Richard Head
Dr. Richard Head's picture

JPM made money with their nonexistant prop trading desk both on the way up and down. 

Tue, 03/11/2014 - 15:27 | 4535378 NoDebt
NoDebt's picture

I know.  That's why Jamie Dimon is richer than I am.  His rent-seeking Fed-backed skimming operation is a lot more effective than mine.

Tue, 03/11/2014 - 15:10 | 4535304 irie1029
irie1029's picture

LOL there really should be more of this type of factual reporting.  I really admire Sharyl Adkisson for quitting CBS need more people with balls like her.

Tue, 03/11/2014 - 15:18 | 4535352 NoDebt
NoDebt's picture

What are you trying to do?  Crash the markets?

Terrorist!  We got a terrorist here!  Sombody call the authorities before he hurts somebody ('s stock porfolio)!

Tue, 03/11/2014 - 15:11 | 4535310 SheepDog-One
SheepDog-One's picture

Same will happen to the house of straw markets one day.

Tue, 03/11/2014 - 15:12 | 4535317 Spungo
Spungo's picture

Interesting. It says the company buys stuff from Ballard Power. That grabs my attention because Ballard is one of the companies I'm predicting will go to zero due to negative cash flow, shrinking assets, growing debt. Since putting Ballard Power on my watch list, it has gone UP 58%. This is crazy. I'm happy for the people who are making money, but some people are going to get destroyed when this meth party ends.

Tue, 03/11/2014 - 15:15 | 4535334 Let them eat iPads
Let them eat iPads's picture

Ballard and Fuel Cell also getting slaughtered.

Tue, 03/11/2014 - 15:18 | 4535355 NOTW777
NOTW777's picture

beautiful to put holders

Tue, 03/11/2014 - 18:02 | 4535904 kurt
kurt's picture

They can be made into pot holders, very beautiful.

Tue, 03/11/2014 - 15:18 | 4535357 Cornholiovanderbilt
Cornholiovanderbilt's picture

Some asshat 'options' trader on the twitter was pumping this thing at $11.  So many sheeple so little time to fleece!

Tue, 03/11/2014 - 15:23 | 4535367 Let them eat iPads
Let them eat iPads's picture

Sadly for the amateurs who bought this at $11 today, there are still gap-ups to be filled all the way down to the $0.80 level.

Tue, 03/11/2014 - 15:31 | 4535391 fonzannoon
fonzannoon's picture

How is that the U.S equity market summarized in one chart? Is ZH predicting an imminent crash?

Tue, 03/11/2014 - 15:44 | 4535434 El Hosel
El Hosel's picture

Order! Order! Order in the Casino, another outburst like this and VIX will be held in contempt of the Ponzi.

Ride Your Painted Pony


Tue, 03/11/2014 - 15:43 | 4535447 NOTW777
NOTW777's picture

some day $SPX will PLUG

Tue, 03/11/2014 - 15:48 | 4535467 Roger Shermanator
Roger Shermanator's picture

"GULP!" - PLUG owners.

Tue, 03/11/2014 - 15:48 | 4535468 waterwitch
waterwitch's picture

So how are Volt sales doing? /s

Tue, 03/11/2014 - 15:55 | 4535504 Cornholiovanderbilt
Cornholiovanderbilt's picture

Hey at least it's 'off the lows' 



Tue, 03/11/2014 - 18:33 | 4535997 I Write Code
I Write Code's picture

It's OK, they make it up in volume.

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