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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread
QQQ 624.02+0.1%Jan 7 4:00 PM EST

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To: Dr. Stoxx who started this subject2/14/2002 12:53:16 PM
From: Dr. Stoxx  Read Replies (1) of 4058
 
RE: HYGS:

From a PM:

From their latest quarterly report:
"BUSINESS HIGHLIGHTS OF THE THIRD QUARTER

- Efforts toward realizing strategic alliances reached new levels in the
third quarter, culminating in the announcement of the landmark alliance
with General Motors.

- Delivered 3 HyPM(TM) power modules during the third quarter and ended the
quarter with an order backlog for an additional 10 HyPM(TM) power modules.

- Realized significant benefits from Hydrogenics recently signed Japanese
distributorship (Toyota Tsusho Corporation), by securing a first sale with
the Toyota Motor Company, as well as a repeat order from Nissan Motor
Company.

FUEL CELL TECHNOLOGY ADVANCEMENTS FOR THE THIRD QUARTER

- Substantially completed the HyUPS(TM) prototype, a fully integrated
uninterrupted power supply (UPS) system. HyUPS(TM) systems are being
developed as backup power generators for telecom and other critical backup
power markets.

- Completed second vehicular system integration contract (25 kW) during the
quarter.

- Commenced development work on a second generation 5 kW HyPORT(TM) system.
This product is being adapted to offer flexibility for UPS and APU
(Auxiliary Power Unit) applications.

- Made significant progress in developing the 50 kW HySTAT(TM) stationary
power generator which is to be integrated with a natural gas reformer. This
product is targeted at multi-residential and commercial stationary power
applications.

- Commenced work on a prototype 500-watt compact power generator that
Hydrogenics is developing under contract with the Department of Defense
Canada. This product is designed to charge batteries and power
instrumentation in the field. A unique feature of this product is
Hydrogenics' proprietary chemical hydride subsystem."

No insider buys or sells for the past 6 months, and only 3% institutional ownership in the stock now....

No long term debt, and sales have just about doubled each of the past 2 quarters, and with the backlog mentioned above, could do it again this coming quarter.

I wish the past few days upturn were on higher vol....other than that, looks pretty good. Broke downtrend a few days ago, and about a week ago had a classic Trader Vic "2B" buy signal when the new lower low failed to hold on the daily chart.

Might be a good place to start nibbling, although I am expecting a market pullback for most of the rest of the month

And there will be a conference, "Fuel Cell Investor" in NYC March 26-27, with the keynote address being "GM's Fuel Cell Strategy" ( srinstitute.com. )
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