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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Lawrence Burg who wrote (4393)6/26/1998 2:25:00 PM
From: Zeev Hed  Read Replies (1) of 6467
 
Lawrence, I would say that the stock is set up to break 13/16. I think that the market has doubts about the "non recourse" financing. $41 MM in non recourse financing for a non rated company is pretty heavy duty. Maybe the term "non recourse" as used in Canada is different from the way it is used in the US. Or maybe Canadian banks have learned a lesson or two form banks in Indonesia. In any event, the news is supposedly "good", and the technical action stinks, which in my book means there is more to the story than we know.

Zeev
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