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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)
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To: BigCapGuy who wrote (1768)8/17/1998 10:20:00 AM
From: Mad2  Read Replies (1) of 3458
 
I shorted at 16 (quite lucky) as I felt that the company was over valued at that point and couldn't continue its upward movement. When it crashed I decided to to cash as IMO its not clear that the companies product is a fraud (frankly I don't know enough about the technology to make that determination), yet I do think it will be some time before the company proves with orders and financial results that they actually have something. The UN business seemed IMO to be a effort to pump the stock, but again taking the other side it could represent a effort on the part of a entrepreneur to promote something he believes in. Time will tell if the Turbopac is a significant development and if they can manufacturer it profitably.
BTW the business I'm in involves selling direct to auto and truck manufacturers, a mature slow moving business. Its attractive once your in as the volumes are large and generally predictable, however it takes quite some time to get in as auto and truck OEM's are price/cost sensitive and they don't like to see their suppliers make a lot of money.
If you check you'll see that I don't slam or hype(ie infer too much from facts unearthed) companies, I participate in these threads to get ideas and leads for sound investment decisions.
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