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TheStreet Open House

Don't Let Citron Research Sour You on Plug Power

Citron has shot down stocks many times before. And it's been wrong on more than one occasion.

On Feb. 14, 2013, Citron Research issued a report about 3D Systems (DDD) and tweeted it during the above price bar with a blue circle claiming, "Anyone who is looking at this stock over $30 a share is obviously bullish on the next five years of hype, and less concerned about the details like accounting methods."

For a brief time, 3D Systems shares dipped below $30. You know what that turned out to be? A buying opportunity, that's what. Because following the dip, 3D Systems more than tripled and came close to surpassing $100 before the end of the year. It zoomed over 50% higher now than when the report was issued.

 

Another example came on June 12, 2013, with the consumer-services platform Angie's List (ANGI).  But 20 minutes after the report was tweeted by Citron Research, the shares were trading higher.

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