Bagman10 predicts a temporary DIP to $2.50 SUBJECT: RE: wa. thats why i bailed out of westport Posted By: Bagman10
Post Time: 7/18/02 15:54
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I agree with nomore2; the stock market is going to go down hard, it must in order to bring valuations down to realistic levels. Consequently, this will drag Westport (as well as all other stocks) to new lows. I am predicting that this will happen sometime after the coming Labour Day weekend. It is entirely possible that we could see (temporarily of course) Westport back at the $2.50 level.
Westport has great management and is doing everything right IMO, but there is just too much uncertainty and fear presently among investors. If we sit tight and wait (1.5 - 2 years) for the imminent certification and commercialisation of HPDI, we will be very well rewarded.
Cheers!