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Re: Ecomike post# 2179

Thursday, 06/24/2010 10:32:27 PM

Thursday, June 24, 2010 10:32:27 PM

Post# of 6605
bb50, in a follow up to my earlier reply (for those trying to follow, bb50 PM'd me, but I do not have a paid account, no Pm, so I must answer here), I still have questions about the Falcon Power deal too, there is much we do not know, but we have a 10 year history on TTEG, and the deals they are making in Asia seem to be coming fast and furious. I am not 100% sure what the falcon technology is, and I have not seen a clear explanation, but my best guess is that is a catalyst based system that converts methanol to hydrogen on site and then the hydrogen can be used to fuel the items listed in the PRs, like a furnace, oven, and someday a TTEG engine, and for now a fuel cell. This puts TTEG in the middle of the infrastructure business selling hydrogen generators while waiting for the TTEG engines to reach production. Also the merger a few weeks ago put them in the vehicle parts business, as an ongoing concern with a history of making OEM vehicle parts, a first step to expanding into making small TTEG engines maybe?

Until the CEO returns, or they write a more formal detailed PR for us, all I can say is the price is back down with the market pull back, and it may be time to buy. I already started buying more shares the last 3 weeks, but I am nibbling at the lows each time it pulls back to add, and I am holding for the longer term view, and prices well over $1. The ride here, and in the markets could get a little bumpy this summer, so my inclination is to add on big pull backs when the market looks like it is crashing, then hang on tight and keep plenty of cash handy for more potential deals. I do not think now is the time to pick a bottom and go all in on most stocks, although i am currently longer on stocks than I have been, I still have cash to buy more, if the bottom falls out. I hope that helps.
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