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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY) -- Ignore unavailable to you. Want to Upgrade?

To: Laurens who wrote (200)	5/27/1999 2:10:00 AM
From: billkirn	Read Replies (3) \| Respond to of 542

Laurens: What a huge gain over the last few weeks. I am trying to understand how much more, if any, can this baby go. Comparing Market caps. Ballard is around $2.9 billion, and MTKY is around $209 million. I think MKTY has a 20% interest in Plug Power and Plug Power may eventually reach a $1.5 billion market Cap, once it goes public. (Just guessing) So maybe MKTY's market cap could reach $300 million. So maybe we have another 50% to go. That makes it tops at $35 to $40 range. Please modify this model as you understand the business arrangements, but I would probably sell this stock if it reaches beyond $40 in the next few months. What do you think? Also, it seems that MKTY will be selling equity to raise the money to invest in Plug Power to maintain its interest. This much higher price reduces the dilution and increases our value. Bill