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

To: billkirn who wrote (2111)	3/31/1998 12:50:00 PM
From: Gordon Quickstad	Respond to of 5827

I thought the stock was too high at US$78 and didn't buy, although I thought 50 shares wouldn't be too risky but never bought. At this level I wouldn't touch it because, although the technology is exciting, there is too long a time to profits and too many hurdles. Any gains from the original US$78 that it was at when I first spotted this issue are purely ephemeral in my view. It's when the word dies down and the company runs out of quickly appearing press releases or the technology gets bad mouthed that the stock wakes up and, like Dumbo, believes that elephants really can't fly. It takes earnings or magic to keep the stock at this level.