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Strategies & Market Trends : Charts for Breakout

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To: Julius Wong who wrote (313)	7/12/2000 12:05:24 PM
From: Krowbar	Read Replies (1) of 3506

ENER is ready to break to new highs. Yesterday, Energy Conversion Devices announced that it has entered into a patent license agreement under its proprietary nickel-metal hydride (NiMH) battery technology with BYD Battery Co., Ltd. of the People's Republic of China. This is important because there have been a lot of NiMH batteries sold that have been produced by non-royalty paying producers, many from China. Pressure will now be brought on those producers to pay up. Texaco recently bought 65M worth of ENER stock. A JV announcement is expected soon on the manufacture of the best solution for the onboard storage of hydrogen for the coming fuel cell hybrid cars. UP 7/8 to 29 1/4 as I write this. Del

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