Why not look for emerging stories which haven't been run up, but may be starting to break out of a base? The story must have sex appeal.
Sex appeal. Yes, I love story stocks. BLDP is a story stock but it's an old one. The story's still good but really super gains are for the folk who bought it years ago. Some have a cost base of @ $5 or less and they won't sell their remaining holdings just in case the miracle happens. (Automotive fuel cell development seems divided between the GM/Toyota coop venture and BLDP and all the other manufacturers.)
The real story (the miracle).The one Wall St hasn't pumped yet:
The reason I keep my remaining BLDP is because car manufacturers are salivating at the prospect of re-engining the world automotive fleet on a nice margin - electric motors have only one moving part. The hell with Shell and Exxon, they say, we want to pump up production in all those semi-idle plants we have stashed around the world. Let the good times roll -this is real value added baby- party time....(I'd like to take a whip to that nitwit at Daimler Chrysler who has put the whole scenario in jeopardy). Who will be primary suppliers of hydrogen? The usual: Shell and others are spending quite a lot on fuel cell fuel research. The impediment to big roll out is handling large amounts of hydrogen but there are solutions to that coming - see IMPCO. Or they abandon the BLDP technology and go to higher temperature fuel cells which can directly handle gasoline etc (TSE:GLE). I say the hell with Wall St - what's your horizon? This story will run several more times over the next decade every time the price of oil pops or there's an energy pinch. This site is useful. They have an interesting portfolio. h2fc.com GLE looks OK but it's Canadian and might not be able to participate in the new US graft. globalte.com MHTX is definitely basing but is weird and only for those with strong stomachs.
The last time I did fuel cells I bought a fist full of stories but right now I'm doing this with display tech stocks.
New stories:
New display technology: Markets for present tech, CRT and LED, are saturated. Manufacturers are desperate for qualitatively better (lighter,flatter,thinner,cheaper,lower voltage, better viewing angles, lower voltage, non polarized screen,more vivid colours) new product. Don't think we'll see product for another couple of years but there are more press stories and the stocks are starting to look a little friskier. And it aint telecom. PANL graph has looked like a roller coaster (nice story) and they'll be making more announcements and if those are of the quality of the last, then even though it's been run up a bit, it'll go quite a bit further; small float. They put the whole 10K in the annual report! - Don't remember seeing that before. - World market for display tech about $80 bil if you believe the high side estimates, $40 bil on the low side. CDNX:LUX is basing and their tech will be in a lot of new era displays. luxell.com biz.yahoo.com
This one is too new: Nanometer sized, high purity materials for the new designer materials sciences. They are necessary for reliable yields of sol-gels and self assemblied materials and reliable behaiour of catalysts on substrates.. Nano materials have different behaviours than chemically identical materials in larger particle sizes. This is the precursor industry to SF nano-machines. Haven't found a good story stock here, yet. Companies are either giants or tiny off shoots from mining companies (they know how to promote) and universities. I suspect this will be gigantic someday. Bought some ALTI as a window to the area.
TSE:WED is a twofer: both biotech/nanotech and display and seems to be basing. The medical tech will make them money and they MIGHT get to market first with new flat panel tech. westaim.com |
