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Technology Stocks : Worldwater Corp

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To: Russ Howard who wrote (2)	5/3/1999 1:06:00 AM
From: Dave Gore	Read Replies (1) of 384

Yes, as I said, there is a Technical Analyst that has quite a following and an email list of 120 people that think he is very good. He deals 95% with stocks over $10 and yet he issued a strong buy on this stock on Friday, but not just for the short term, but for the long term. He thinks it could be a $30 stock based on solid fundamentals in 2-3 years and has no plan on selling soon (or so he says, but I tend to believe him). Nevertheless this company has a long ways to go and he is the first to admit it is speculative. I will be the second. Anyway, that got me interested and so now I am starting to DD more thoroughly. I will talk to the CEO and ask him how solid some of the many shareholders are since they have stock at lowel levels (as most BB stocks do..we just don't know about it because they are non-reporting) and why this stock, in his mind, is a good buy here. They also appear to have a new employee stock incentive plan and a desire to authorize (not necessarily issue) more shares, both of which will be discussed at their Annual Shareholders Meeting in early June.

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