I have to say, I’m a bit dissapointed looking at their stock performance in the last 3 months. The price has been declining from $0.45/share to $0.28/share. I have no idea what’s going on with them…
Looking back to what they’ve accomplished in the past 12 months:
First, they got funding from the California state department.
Second, they got another funding from a private, global investment bank…And many other things that I’m not going to mention one by one here.
Third, If you look at the industry, this company is already in the right industry to begin with. They’re in fuel cell industry, which obviously is going to be the most-money-making industry in the next decade.
So what made the price decrease a lot in the past 3 months? Hmm…This is definitely a million dollar question.
I found this article when I was doing research on fuel cell. Here’s the link: http://www.evworld.com/view.cfm?section=communique&newsid=7462. The article is pretty interesting. It talks about how big auto companies, like Toyota and GM, are currently doing in terms of fuel cell technology, how GM increased its funding and has reportedly poured more than US$1 billion into fuel cell R&D programs since 2000, etc…
I’ve always believed fuel cell is going to be big in the next 10 years, that’s why I’ve been holding on to this stock for the last 3 years. I could’ve sold them a year ago and made a couple of grand. But hey, I decided to wait - it’s not because I’m greedy - it’s because I knew it wasn’t the right time to sell them. I’m just going to wait until the price has literally gone through the roof…And that’s payday, my friend!
Quote of the Day:
Debt is the worst poverty. - Thomas Fuller
