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Hot-button hydrogen fuel cell company Plug Power (NASDAQ: PLUG ) is one of the most debated companies on financial message boards. Traders, analysts and onlookers either seem to love or hate PLUG stock. I’ve been guilty of taking both sides of the fence on PLUG stock. As a contrarian, I liked it when the share price dipped , then advised caution after the price soared . There’s been another price dip now, so this could be an ideal time to get back into PLUG stock. Whether you like the company or not, as traders we must acknowledge that timing is everything in the markets. And the timing looks pretty darned good right now for a long position in PLUG stock. Not only has the share price come down somewhat, but Plug Power hasn’t slowed down the pace of its hydrogen-centered innovations. A Closer Look at PLUG Stock Are you nimble enough to handle the ups and downs of PLUG stock? For long-term holders, an essential part of your plan should be to avoid getting shaken out when the price dips. I’ll give you a recent example of this. The PLUG stock price fell from $9.98 on July 6 to $7.71 on July 31. While this was taking place, it felt as if the share price would never stop falling. As it turned out, however, that’s wasn’t the time to sell. If anything, it was a chance to add to your position in anticipation of higher prices. And indeed, higher prices were just around the corner as PLUG stock rocketed up to the $14 area in early September. Then came another dip. Will you pass the test this time around, or will you get shaken out of the tree? PLUG stock is at $12.94, offering current shareholders an opportunity to […]
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