Fuel Cells Message Board

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Technology Stocks : Fuel Cells

FCEL 8.780

-0.1%

9:30 AM EST

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To: B.K.Myers who wrote (71)	9/13/2000 8:08:04 PM
From: B.K.Myers	Read Replies (4) of 196

Today's price action was to be expected. The price gap between 158.25 and 165.88 has now been filled. Although we closed lower today (164.97) than yesterday, we did close above the Monday close. I view that as a positive. With 7.69 million shares outstanding, when FCEL reached $131 per share, its market capitalization crossed the $1 billion mark. The $1 billion market capitalization allowed a new field of institutions to purchase FCEL. It was at this point that you could see an increase in the number of shares traded. Indeed, volume has been increasing since then. Therefore, I believe that the $131 mark is very important. With FCEL currently trading at $165 we seem to have a safe cushion. But remember it only took one week to climb from $131 to $165, and stocks generally fall faster than they rise. With the stock split occurring tonight, there might be some more selling tomorrow and Friday. As long as we stay above $131 ($65.50 after split), I feel secure going forward. B.K.

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