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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: Nathan Hansen who wrote (2257)12/9/1998 4:43:00 PM
From: Mad2  Read Replies (1) of 3458
 
Nathan thank you for the compliment. I have shorted BLDPF, selling at 35 and change back in June when their CFO resigned and covering at 22. Balard is grossly overvalued and IMO will never justify it's current market value, however sometimes these things have little to do with the value of a stock. I thought seriously this past monday of shorting at 32 and change but didn't (I have better uses for my money as we speak). As far a shorting TRBD I have only done so once:
Message 5509376
Message 5514653
Currently I don't have a POS in TRBD, but would short it on news if it went above 7. I like to get to know companies before shorting them because it can be a dangerous business. I made the mistake of shorting PRBZ and lost a piece of change on that one, yet it was (and still is) grossly overvalued, it differs in that it is a good company. Bottom line is don't short good companies. TRBD IMO is not a good company (ie they don't deliver the goods as promised).
I was lead to TRBD by Mr. Joseph Ben-Dak as I had found him to be involved with stock promotion over a GKI and a information search on Ben-Dak (easy with distinctive names) attracted me to TRBD.
As you point out short's can loose their shorts, thus I look to short sure things and don't try to squeeze the last buck out of a POS. Highly technical stocks can be a real problem as it's easier to create the hope of technical breakthrough. That's what I see here with TRBD. My understanding is diesel engine OEM's can add conventional turbochargers for a couple of hundred in cost. TRBD with their $3, to $6,000 solution is not a viable option for a OEM, leaving only the aftermarket. In this regard it's my understanding (ie from industry publication) that turbochargers have to be matched to individual engines, making it a customizing business. Given the cost, customizing approach to supply the aftermarket I simply don't see TRBD comming up with a silver bullet. As a matter of fact their trips to the plate where they have struck out are a bad omen.
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