Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.490

-3.5%

Jan 29 3:59 PM EST

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To: Garth Richmond who wrote (761)	6/11/1997 6:35:00 PM
From: Olaf Koch	of 5827

Re. European investors. > By the way, the reason for this last week's run-up: European > investors. Due to the D-B deal, Ballard is now getting discovered > in Europe, and they are buying. Well, that's right. Though I'm invested since 96 most people in Germany are discovering Ballard right now. I believe only a few ever heard the name Ballard before the Daimler deal. Now another company (the German "Effecten-Spiegel AG", OTC) announced that they've recently aquired a 1% stake in Ballard at the open market. Because news was published today in one of the best-known German stock letters more retail investors may enter the boat. (BTW, this is the same company which aquired a 1% stake of Eurogas (EUGS), check the thread here on SI.) The volume in Germany (Berlin) was greater than that on NASDAQ for several days, topping around 250,000, I believe. I don't see a takeover here, just positioning. I for myself expect the stock to settle the next days. Maybe time for some profit taking?

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