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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (678)	5/17/2001 12:19:48 PM
From: allen menglin chen	Respond to of 6873

12:05 ET Fuel Cell Stocks : Sector names Ballard Power (BLDP 55.52 +6.29, +13%), FuelCell Energy (FCEL 82.15 +1.85, +2%), Plug Power (PLUG 27 +2.47, +10%), H Power (HPOW 11.96 +1.31, +12.3%), Proton Energy (PRTN 10.45 +0.90, +9%) surge to session highs as Pres. Bush unveils energy plan; as we reported at 11:17ET, plan would offer incentives for energy conservation efforts, including the development of energy efficient vehicles.

To: Michail Shadkin who wrote (678)	5/17/2001 4:17:13 PM
From: James Hutton	Read Replies (1) \| Respond to of 6873

I've been shorting BLDP since November, with good success. Shorted more today, although underwater on shares shorted just above 52 (I'm long CPST to hedge this short a little bit). I'm not sure how tax credits help a company which has no prospect of earning any money (and hence paying any taxes) for the foreseeable future. I guess there could be some indirect benefit if the auto manufacturers pump up manufacture of fuel cell-based autos, but they're already doing that to some extent. In short, I see nothing substantive today, except rampant speculation. I think it could continue through the open tomorrow, but think profit taking will set in tomorrow PM. JMHO. Good luck.