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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (11916)6/7/1999 5:58:00 PM
From: MGV  Read Replies (4) of 27311
 
You just made the argument to buy if/when an R&D company demonstrates tangible evidence of product marketability and not a moment before.

Similarly, Bill Epstein's comment linking sale decisions with the amount of time held is flawed by the concept of sunk costs. In other words, evaluate buy/sell decisions on the basis of merit as adjudged at the moment and nothing else.

Finally and predictably the starry eyed, emotion-driven share(hand)holders (with the exception of lws and John Curtis, who at least tried to approach the question with some varying level of analysis) let the question about industry takeout pass right over their heads and fixed instead on the dream levels at which they would sell. Of course the dream levels are irrelevant (on at least 2 levels) and they continue to have no clue why a company hypothetically poised to be first to market with new, useful technology would be stuck at $7, down from $11, even as (as the hype is spun) the company is moving inexorably to commercial practicability.

lws, I'll bet you could come up with a fine list of distinctions between MSFT/IBM circumstances and VLNC/list of potential buyers if you weren't distracted by your fiancee. (No criticism there).
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