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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (3001)3/8/1999 5:42:00 PM
From: Mike C2  Read Replies (1) | Respond to of 3458
 
Berlin close at about $4.30 USD.

opened in Eurodollars at 5.70
traded up to 6 briefly before falling to 3.25
climbed back to 4 range and closed at 3.98 (x1.08 for exchange rate)

Grand technologies arbitration announcement which did hit Easdaq wire early certainly was cold water for what could have been a hotter session.

My read is that everyone has something to be glad and mad about.
I am personally quite surprised that company did not reopen for Nasdaq trading. the ability to short shares might have led to
increased downside volatility. On the other hand, ALD's "stealth news release" was hard to digest, stripped as it was, of the
numbers and royalty %s that could allow for projections from a more sober street.

Remarkably, there were a couple of valuable posts on Yahoo recently:
messages.yahoo.com@m2.yahoo.com
messages.yahoo.com@m2.yahoo.com

I'm looking forward to the days when the stock is trading on earnings expectations, not hope for earnings expectations. I am very comfortable with TRBD as a long term buy/hold, but the short term now could be choppy and I give the shorts a greater than 50% chance of covering in the low 3s. If they can knock it into the 2s, as the convertible preferred holders did shorting against their yet to be registered shares 14 months ago, I'll be happy to add to my position.

Ambivalently yours,

MikeC