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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.710+1.1%Nov 21 9:30 AM EST
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To: Urlman who wrote (2891)7/17/1998 10:58:00 AM
From: Panita  Read Replies (1) of 5827
 
Here is my reply to crybabies/shorts on the Yahoo message board:

You're crying because you bought after a split announcement runup. The fact is that day traders that bought a few seconds after the split announcement were likely to sell when it when from the 20's to 44. I for one would have sold 1/2 of my holdings. Normally I would sell all but I like the BLDPF story.

I make it a point not to buy after a big run up. Yes sometimes this doesn't hold true - a Yahoo, an AOL, etc. Keep in mind that these companies are main street names. Very few people know about Ballard. Just go to your local broker and ask investor who are standing there if they know about Ballard. Ford,Mercedes, etc have invested in BLDPF at around 20. So if you think it will go below 20 you're mistaken. Most likely the base is well above where Ford and Mercedes invested due to the goodwill that these companies bring to the Ballard party. Therefore IMHO 25 to 27 looks like the base.

Keep in mind that Ford-Mercedes agreement was finalize just recently. These companies do not form a new company based on one or two quarter outlook. After all it took us 10 years to get to the moon - When Kennedy made the target.

Go ahead sell your stock.
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