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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Ruby who wrote (2928)	8/9/1999 8:02:00 AM
From: StockPro	Read Replies (1) \| Respond to of 6016

To answer your question regarding the abruptness of the moves (there were two - one from approx $1 to approx $4 and a second to the present levels) correlate the dates of the moves and the news releases that the company issued on those dates. You will have your answers when you read the news releases. Risk? There is always plenty in any spec stock (and at these prices there is some healthy speculation already built in). Upside? If GLE could vault from $4 to (an intra-day high of) $15 on the mere news that there is some sort of contract between GLE and Delphi, think what this stock will do when the details of the contract are announced (I make no predictions as to when that might be). And what do you imagine the price might go to when GLE announces it's first shipment of fuel cells to Delphi under that contract? Effectively, when shipment is made, GLE will be acknowledging that they are no longer working with prototypes but production model fuel cells. The idea that "production" fuel cells might be shipped this year or (more likely) sometime in Y2K staggers the imagination!