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Technology Stocks : Ocean Power (PWRE): Water/Power Giant in the making! -- Ignore unavailable to you. Want to Upgrade?


To: Maurice who wrote (72)10/15/1998 11:03:00 PM
From: gene martineau  Read Replies (3) | Respond to of 269
 
I talked to Barry and heard him on a radio show with Ed Taxon late today. Barry believes that the selling is being forced by margin calls from the collapsed prices in the tech stock sector. Given the overall market upside movement late today, that margin selling has probably stopped. If anything, this is a most interesting time to buy.

To quote Barry, there is no change in the fundamentals of the company. The $10mm funding as promised is expected in within the next couple of days.

Other than some forced selling (including shorts and rumors) which has created the impression that something is amiss, nothing has changed with the company, its funding, near term business deals, management, or prospects!

In the market s**t happens. For some intrepid souls, this is a screaming opportunity.

gm