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Technology Stocks : Advanced Engine Technologies (AENG)
AENG 0.00010000.0%Mar 7 3:00 PM EST

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To: Sir Auric Goldfinger who wrote (3212)7/20/1999 2:52:00 PM
From: Bilow  Read Replies (1) of 3383
 
Hi Auric Goldfinger; I agree with you that AENG is way over priced at the current level. I am not certain that management is aware of this, though they do seem to be selling their shares...

Hope springs eternal in the human breast, and it takes a certain number of years working as an engineer to truly appreciate this. There is no doubt that there remain inventions to improve the internal combustion engine, but this is very likely not the one, nor is any one improvement going to make more than a very small difference in performance.

But people are still willing to pay a hell of a lot for these BB shares. My guess is that the problem is similar to why the population buys lottery tickets. It is human nature to prefer the trade that has a small chance of success, but a large payoff.

The problem, is that with a market cap so high, at the current price, AENG doesn't have much of a chance of making that great return, but it still has the small probability of success...

-- Carl

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