Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 58.12

+4.9%

Jan 15 4:00 PM EST

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To: Cheeky Kid who wrote (33024)	9/30/2008 8:17:51 AM
From: da_cheif™	Read Replies (1) of 207831

it was the tanfield announcments......tan is up huge this morning Tanfield Group PLC - Interim Results 30-Sep-08 03:14 am Smith Electric Vehicles The supply issues which we referred to in our July statement have been resolved. We now have robust supply chains in place for Edison and Newton. We have been successful in developing new electric drive trains and are working to put a robust supply chain in place for the Ampere, our latest generation electric car based van. The credit crunch is causing concern and delaying investment particularly within the volume end of the market. Registrations of commercial vehicles are significantly down as users reduce capital expenditure due to concerns over their own trading conditions and the availability of funding. Whilst we are therefore confident of further market and customer trials and further expansion into Europe, and North America, we believe that volume orders will be dependent upon the return of customer confidence. However, interest in the Smith range of vehicles remains buoyant. We have just received an order for our largest 12 ton electric truck: a £1.1m contract to deliver 10 vehicles for TKMaxx. We have firm orders for 60 trial vehicles for the USA next year with letters of intent for another 200. Given the current economic climate the Board is considering a number of strategies in the way it is going to approach the opportunity in the USA. iii.co.uk.

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