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Strategies & Market Trends : The Amateur Traders Corner
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To: $Mogul who wrote (10869)6/19/2001 3:41:51 PM
From: Tom Hua  Read Replies (1) of 19633
 
Mogul, bought FCEL at 48.5, stock splits today, down 11 pts on ML comments. ML is the underwriter for FCEL's public offering at 72 last week. I don't know what's ML's agenda here.

14:46 ET FuelCell Energy (FCEL) 50.10 -9.18 (-15.4%): Merrill Lynch feels that company fundamentals
remain intact but the shares are on the defensive due to concerns related to the Enron-Connecticut project. Firm
feels company will receive orders from this project but the hearings, which center around product reliability,
degradation and project economics, will drag on with a draft decision not due until late July.

Regards,

Tom
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