SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (49202)1/10/2000 4:25:00 PM
From: truthcommission  Respond to of 122087
 
Thanks for EGLO A@P. Short at 14 1/2 per your call, still holding.



To: Softechie who wrote (49202)1/10/2000 4:38:00 PM
From: Street Hawk  Respond to of 122087
 
CNBC mentioned that the technology is still a far way off into being viable for normal popular consumer use, it was this morning.
PLUG will be taking one of its fuel-cell powered rides down to the 40s tommorrow.



To: Softechie who wrote (49202)1/10/2000 8:25:00 PM
From: Street Hawk  Read Replies (1) | Respond to of 122087
 
More selling pressure in PLUG? MKTY insiders anxious to sell shares.

Here's an excerpt from tonight's news in Bloomberg out at 5:21 PM:

Mechanical Technology May Sell Some Plug Power Shares, CFO Says

Albany, New York, Jan. 10 (Bloomberg) -- Mechanical
Technology Inc.'s chief financial officer said the company may
sell some of its 32 percent stake in fuel-cell maker Plug Power
Inc., whose shares have almost quadrupled since late October.

Plug Power's rise has boosted the stock of Mechanical
Technology by more than 81 percent in the last four days of
trading. Mechanical Technology, a maker of sensing instruments
and computer-based balancing systems for aircraft engines,
formed Plug Power last year with Detroit utility company DTE
Energy Inc., which also owns a 32 percent interest in Plug.

Plug Power shares climbed with those of rivals because of
analyst and press reports predicting a surge in fuel-cell usage
as pressure to cut pollution grows. Mechanical Technology may
sell Plug Power shares to pay off a $22.5 million loan, said
Cynthia Scheuer, Mechanical Technology's chief financial officer.
``Today, we wouldn't have to sell many shares to pay it
off,' she said.