Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Sechelt who wrote (550)	3/30/1998 9:33:00 PM
From: Ally	Read Replies (2) \| Respond to of 4605

Hi Schelt, >>Does any TA specialist have any insights as to what is happening? Thanks<< Well, I wouldn't say I'm a TA specialist, however, I do use charts extensively (plus in-depth fundamental analysis) in making investing decisions. Stock closed at $1.80 today trading range of $1.70 to $2.00. Volume (2,361,200) lighter than the 2 previous days. Stochastics declining (bearish). Gann's angles bearish. Price declined to 10 day ma, and relative strength and short-term momemtum both down. Candlestick filled with bottom handle (bearish). All in all, TA indicators are suggesting that downside momentum (direction) not yet completed and very likely will continue downward tomorrow. I have a question for anyone here in this forum. In the annual report (dated Oct 16/97), G. Klopp indicated that the company had received an order fo 1,080 Sparrow conversion system. Does anyone know roughly how much a Sparrow sells for? (Eagle sells for $1,800 each... would Sparrow be about the same). I also noted that for the 6 months ending Dec 31/97, revenue from conversion system was only $9,057 compared to last year $28,105. For the many number of years the company has been in existence, and with the Caterpillar connections in the U.S. the revenue seems surprisingly small to me. Comments anyone?