Seeking Alpha
Profile|
( followers)  
I purchased shares of Mechanical Technology Inc (ticker: MKTY) and Medis Technologies Ltd. (ticker: MDTL) this morning for the mutual fund and also my personal portfolio.

Both of these companies are working on the miniaturization of liquid fuel cells so that they can power portable electronic equipment like cell phones and laptop computers. Both companies have also secured contracts from the military to research portable fuel cells for military applications. Both companies announced earnings recently and still show no signs of becoming profitable in the near future. However, they have both made progress on trimming their losses. I feel that one of these companies will strike it big in the future so I’m buying both and hedging my bet. Both of these stocks will not see substantial gains until they start producing equipment that makes it out of the beta stage in the next few years.

Both companies are starting to trade at the lower end of their recent trading ranges and are entering the lower risk entry point.

Medis should be a good buy at this price level since it is now sitting on some firm support:

Mechanical Tech is currently sitting on some light support at the $3 level but could trade lower from here down to the $2.50 level and I would buy more that that point:



Related:

« Any opinions expressed on the Seeking Alpha sites are those of the individual authors and do not necessarily represent the opinion of Seeking Alpha or its management. »

Source: Two Promising Liquid Fuel Cell Companies (MKTY, MDTL)