An energy technologies company, which offers an array of solutions based on two proprietary technologies: programmable power electronic converters and high temperature superconductor wires.
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A year ago people where saying dump this puppy that it was losing money hand over fist and now. Lol, what a difference a year can make. You gotta spend money to make money and finding a profitable energy fuel that doesn't rely on fossil or oil is tough enough but AMSC is ahead of the class. Yes the oil crunch is helping this stock in moving up that is no doubt, buy they are creating the the future fuel and that isn't easy to do. We have relied on oil and fossil for over a century. Keep your eye on this company its still learning and starting to bring in some profits.
They are still losing money, and telling lies about sales from 3rd party's that act very shady. This one is a scam.http://www.citronresearch.com/index.php/2008/06/11/american-superconductor-you-have-to-read-it-to-believe-it/Im "short" as of a week or so ago at when it was trading at 36.80 with a put, what a difference the truth can make.
They aren't making money, they are telling lies about sales that don't exist; Sales to 3rd parties that are very shady. http://www.citronresearch.com/index.php/2008/06/11/american-superconductor-you-have-to-read-it-to-believe-it/if Sinovel bought 450 MILLION dollars worth of parts from them, why can't they spend a few thousand on a website? Its been "Under Construction" at least a month.The truth really makes a difference. This one is a scam and CEO/CFO/Management knows it, and that's why he sold his position out: He knows the company is garbage and won't be around much longer. Selling now gets me the most bang for my buck.check the site, read it... do some your own research for 30 minutes. Look for ways this company is a fraud and ignore they hype... you'll find its a hype machine after all. check my pitch.
grrr, i hate it when it does that, sorry for the double post.
Take a good look at the entire history of AMSC and you will see that they haven't turned a profit for 20 years!!! The only thing makeing them not lose as much is the buyout of a company that doesn't make anything but only designs products of windmills. So why then is the CEO and other board members selling thousands of shares? Sounds like a scam to me!!!! and i shall be shorting this one all the way to ground zero
with profit margins where they are (way negative), more orders mean more losses! Enjoy all you bagholders!