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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: Gulo who wrote (681)4/18/1999 11:52:00 AM
From: Stephen O  Read Replies (2) of 6016
 
With respect to the comparisons to Ballard, don't forget that GLE has it's other businesses which in themselves are worth say $2 per share. So at $10 the fuel cells are adding $8 a share. The market on Friday is valuing their fuel cell business potential at 17,000,000 * $8 or $136 million Cdn. Perhaps the $2 is now a nit, or a pimple on an elephant, but that is what attracted me to GLE in the first place. Ongoing businesses worth it's trading price getting the potential of the fuel cells for free.
Reading the posts over the past 10 days has made me think of the potential for the stock price. When Ballard had it's run at the start there were way less people on the internet, trading their accounts on-line. News disseminated slower. The next announcement for GLE will probably be the completion of the Alpha version of the fuel cell in the 2KW range to be used in the telecommunication business. Now this might be a month or so away or possibly next week. Imagine the media coverage when this happens. This story is yet to hit the Business Week, Time or even Maclean's magazine here in Canada. Sure there will be people wanting to take profit, trying to make a buck or two on trading. I did the same, sold a 1000 Preferred for $14.20 but thankfully I bought it back at $13. It went down to $8 but closed Friday at $30. Several other posters have lamented their decisions to sell, especially where they have sold all. I think now at the most 10% should be sold into strength and use that as your trading stock. If people think that way the stock will go higher quicker.

Regards to all

Stephen O

Ps I have suggested in prior posts both here and in the Ballard thread that people should sell say a 100 Ballard and buy 4,000 GLE. Still do it except as of last Friday that would be 400 GLE and by next Friday who knows, could it be even Stephen, 1 for 1.
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