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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (12640)7/2/1999 1:21:00 PM
From: BelowTheCrowd  Read Replies (2) of 27311
 
> I guess I've fallen in love with this stock and feel that patience will prevent me from chasing it later. <

I can only pass on one of the real words of wisdom passed along by a managing director during my first day at Morgan Stanley, two careers and 15 years back:

He talked about why he liked being in the investment business. Why? Because it was straight and honest. No BS about "doing good for mankind", "making people happy" or anything else. It was simple. It's about money. It's about making money. Nothing else.

When I find people who claim to be "in love" with a stock, I've got to feel sorry. Becuase stocks won't love you back, and company managers will dump you in a split second if it is to their benefit to do so.

Companies that show a good potential for making me money (short or long) get my investment $. Ones that go nowhere don't. Right now I don't see VLNC going anywhere, up or down. So I move down.

mg
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