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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: marcos who wrote (438)4/15/1999 5:22:00 PM
From: speculatingvalue  Read Replies (1) of 6016
 
The rapid (astronomical rise) attracted momentum players and day traders who pushed it to six dollars plus. I think they have all dumped their positions along with the warrant short sellers.

Thus the current low price.

With the selling pressure gone on Friday, I would expect it to drift upwards as long term investors interested in the profits in the company and technology become involved.

I see it pushing past $4.50 by mid next week. If it shows a strong upward bias, a lot of people who sold and who are on the sidelines may hop back in.

With Ballard's large market capitalization, it would be cheap for them to snap up a company like Global for shares. I see it as a definite take over candidate.

It would give Ballard access to an alternative technology appropriate for remote applications and access to Global's marketing channels (the US military, the oil industry, the telecommunications industry, etc.)

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