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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (4999)	2/14/2000 12:13:00 PM
From: Susan Saline	Respond to of 5827

trade plan: looking for a tad of a jump above the 82 .... then sellers to take profit just above the 82 ... then add to 75.50's at 82 entry ... that's a mental buy stop

To: Susan Saline who wrote (4999)	2/14/2000 4:56:00 PM
From: Bryan	Read Replies (1) \| Respond to of 5827

BLDP 81 7/8 +7 5/8 (+10.27%) Ballard.... looking good the last couple weeks. Actually, since the details of the secondary offering, BLDP has been on a bit of a tear. I'm not so sure that this movement in the $80's won't just present another opportunity for some institutional selling (profit-taking), but one thing seems pretty clear. There is a great deal of support down below $60. Plucked this up today off the wires, FWIW: REUTERS NEWS WASHINGTON, Feb 14 - The United States will be unable to significantly cut its use of gasoline because alternative fuels are too expensive and not widely available, according to a report from the General Accounting Office. The Energy Policy Act passed by Congress in 1992 set a goal to reduce the nation's use of petroleum fuels by 10 percent this year and by 30 percent in 2010. However, the GAO said drivers find alternative fuels such as ethanol and natural gas too costly and difficult to find. "Limited progress has been made in reaching the Act's goals to replace 10 percent of petroleum fuels by 2000, and it is unlikely the 30-percent goal for 2010 will be met," the GAO said in a report released late on Friday. The Energy Department estimates that alternative fuels replaced about 100.7 million barrels of gasoline in 1998, which represents just 3.6 percent of all the gasoline consumed that year. A barrel holds 42 gallons. Each day, vehicles in the United States consume about 10 million barrels of petroleum fuels, mostly gasoline and diesel. About one million alternative fuel vehicles were on the road last year, accounting for 0.4 percent of the 212 millions vehicles in the United States, according to the department. "The costs for alternative vehicles are often higher because consumer demand for them is not large enough to achieve economies of scale in production," the GAO said. Vehicles that run on natural gas generally cost $3,000 to $5,000 more than gasoline vehicles, while the price for an electric car is in the low-$30,000 to the mid-$40,000 range. The agency said consumers would purchase alternative fuel vehicles only if gasoline became very expensive. While gasoline prices are at record highs, the GAO said that even if crude oil prices reached $40 a barrel, alternative fuels' share of the market for transportation fuels would not increase. Oil, from which gasoline is refined, is currently around $30 a barrel. Another problem with alternative fuels is the lack of service stations nationwide selling the product. "Many owners of alternative fuels vehicles would have to incur significantly higher costs in convenience, limitation in range and distance traveled to obtain fuel," the GAO said. About 69,300 alternative refueling stations would be needed to reach the Act's 30 percent goal by 2010, more than ten times the number of stations currently operating. The cost for building those stations would range from $2.7 billion to $10.5 billion, depending on the fuels used, the GAO said. Monday, 14 February 2000 21:09:20