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Technology Stocks : Molten Metal Technology
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To: IngotWeTrust who wrote (385)5/5/2000 10:41:00 PM
From: IngotWeTrust  Read Replies (1) of 421
 
Welcome, G&K Curmudgeons! In a nutshell...I made a potful on this stock early in its scale-up days. It was a CNN special focus--1 hour program featured on an old Science Segment they used to broadcast every Sat night back in this era.

I Revisited my profitable earlier sell decision, and got back in MLTN taking a small long position on a technical buypoint pullback at $12.

I SOLD THAT POSITION FOR A SMALL LOSS@ $8. I waited to see what would happen after I got out.

The news broke about soon to be Democratic President--- if Bush messes up bad and lets him win--- Gore bribing this MLTN brass, etc., and the stock imploded.

Long and short of a very boring story stock in which I lost small money.

MLTN's proprietary technology (proof it was NOT a G&K candidate there, eh?) was usurpated by a start-up outfit who encased reeeeeally dangerous waste in glass and are STILL busy burying it mostly in Arlington OR federal approved waste dump along the beautiful Columbia River which separates WA (Hanford) from OR.

I still believe in the molten technology...but it was never proven scalable which is a G&K must. This thing just never got out of the prototype lab model stage, even though multiplied millions of dollars was thrown at it, via construction.

There was an engineer type guy on here who reported golf-course gossip to whom I attribute most of my gratitude for getting the picture and me getting out at $8 per share
before it totally went "gonads up."

Have a nice weekend, folks!
YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEhaw!
O/49r
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