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

To: William Marsh who wrote (1384)	12/10/1997 5:52:00 PM
From: Michael van Campen	Read Replies (2) \| Respond to of 5827

William, I agree. Ballard is over valued in my opinion - big time. I just sold out some of my position in the hopes that it'll come down so that I can buy some more. It's just too tempting to see it at such high levels and not crystalize some profits. I can't see it sustaining such high levels unless they split. Here's my logic: a lot of uninformed investors (and Sid will be sure to agree that most Ballard investors are not value investors) see the stock price as the key determinant in deciding to buy or not. They don't take into account outstanding shares/market cap - they just see a $20 stock and say, "that's ok." OR, they see a $90 stock and they say, "wow! that's a lot of money.". Given that, I can't see the stock price staying where it is for the short term. There's plenty in the works that could justify high prices sometime down the road. When?? Who knows. One other opinion that I share with others who are invested in this company relates to the "type" of investor currently invested in Ballard. We feel that most are in it for the long haul, fully expecting that Ballard will not make profits for some period of years. Most of these investors are not in for the quick return - how many of us could buy/sell a lot of stock at these prices (read: high market cap)? Therefore, these folks only sell, like myself, a little bit at a time, thus ensuring that they stay invested and do not miss out on a long term winner. This helps to keep the price high as there is no mad hysteria or bail out factor. This theory is sretched a little now, as the current stock price is way up there and some, like me, cannot resist getting a little profit out of the stock. Only time will tell... Enjoy the ride...

To: William Marsh who wrote (1384)	12/10/1997 6:40:00 PM
From: Sid Turtlman	Read Replies (1) \| Respond to of 5827

Bill: "So you are speculating. It would help me in evaluating your posts if you would distinguish when you have evidence and when you are engaging in conjecture. It saves having to ask." I think I am already doing what you say you want me to do. I made an assertion (that the buses in Chicago are not yet in service) and I gave my reasoning (lack of the expected Ballard ballyhoo). I have not spoken with anyone at Ballard or the CTA about this, and didn't claim that I did. So what's the problem?