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

To: hsg who wrote (2915)	7/21/1998 2:23:00 PM
From: Ron Everest	Respond to of 5827

A recent poster stated that Ballard drops on no news and rises on moderately good news. My view is that it becomes a good short term trading opportunity from time to time, however, equities in general seem to have reached a top and it could be quite a time before the market takes a sharp upward tick. Ballard IMO has exceeded the current top and will likely be weaker than the general equities market. Will it continue to drop through US$19/Can$28 ? good question. If the buying drops off or there are more sellers the price certainly could reach these levels or lower. As for myself, I will only buy again on news as BLD usually makes a fairly strong uptick on any reasonable news for a few days afterwards. There has been abundant discussion on this thread as to the merits of the technology that BLD has. My view is that the technology needs a breakthrough to lower costs and this may be very elusive to BLD or anyone else. There was comment that environmental needs/concerns may supercede cost to some degree and that political pressures may force existing technologies to perform at a cost, thus opening the doors more for BLD technology. The future of this stock is by no means assured IMO. Best regards, Ron E