Plug Power, Inc.
Long

Taking trade in Plug based on technical and value signals

359
Technical- seeing buying sign in volume and crossing significant moving averages.

Deep Value- current below tangible book value, meaning there are more hard assets and cash on the books than the stock price reflects.


Earnings power- stock loses money for a handful of year before it breaks even, but on a 10 year view it become profitable, giving an exit if stock doesnt rise in short term.


Typically on tangible book value plays, id look for a 2x with small odds of more.
Ideally I will sell half at 2x and keep the remainder 1/2 for free for long term.

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