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

To: ddl who wrote (5737)	11/14/2002 11:20:34 AM
From: Gulo	Read Replies (2) \| Respond to of 6016

I have no connection to GLE other than the fact that I followed GLE since 1998 and bought a swack of warrants in 1999 at pennies each. I sold most of the warrants at $0.40, but sold some at $3.00+. I've been buying back in since it dropped below $2.40. I don't know if this experience clouds my judgement, and I probably won't be able to tell until it is too late. I hope that following these threads helps me keep perspective. I'm not an expert on fuel cells, I just have a good technical background and do more DD than average before I sink my money into speculative investments. The benefit is that I only lose half the time. Yes, 700M$ for 700MW is 1$/W or $1000/kW. If GLE can make 2kW home units for $2000, I wonder what economies of scale there would be for 700MW. Of course, they are not directly comparable because of different maintenance and fuel costs. I'm guessing that they had to do the 4th generation prototype testing in-house because Enbridge couldn't accept a unit that might have a sealing problem. It just burns my butt to have jumped back in at $7.00 I hear ya. Been there, done that. You have three choices: average down, cut your losses or just hold what you have. What you do should depend on how much money you risked with GLE and what other speculative opportunities you found that might be better. I have almost 1/3 of my speculative money in GLE right now, so I won't allow myself to buy too much more. -g