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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (9527)	6/20/1999 6:00:00 PM
From: incomep	Respond to of 18998

[MKTY - This is one I would be happy to short if we had a Profound Pronouncement from the P man. Sound goofy to me.] Tuesday April 13, 1999 Mechanical Technology, Inc. to Begin Trading on Nasdaq National Market System - PR Newswire - 4:57 pm. Moving out BB status did not change its no product, no revenue status. However, stock moved from $4 to high teens. Tuesday April 20, 1999 SoCalGas to Invest in Fuel Cell Developer Plug Power - Business Wire - 9:06 am O.K., it is a parasite now, stock jump from high teen to $30. Friday April 23 to Monday May 17, 1999 Mechanical Technology, Inc. Announces 3-for-2 Stock Split - PR Newswire - 9:41 am Yhoo, a split, nothing changed, the stock run from $30 to $45 Tuesday May 18, 1999 Mechanical Technology, Inc. Announces Rights Offering - PR Newswire - 4:43 pm With the conversion offering, it dropped to $25, post split. What next? No revenue, no product, still a parasite waiting for a morsel from plug-in ipo, which will not be filed till year 2000. Go figure it.