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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William Epstein who wrote (12766)7/5/1999 1:56:00 PM
From: Tickertype  Read Replies (3) of 27311
 
What we're seeing on this board, Bill (and it goes on with most other stocks on other boards too), is human nature at work. Those who have a big part of their portfolio in the stock in hopes of making a big return will naturally be sensitive to continuous negative comments. But they should not take offense at legitimate questions that bring up real and potential issues that are not favorable to the stock. The hostilities come about when someone concentrates totally on posting nothing but negatives, real or imagined, day after day. He/she will give the others the impression of being here solely to dash their hopes, and of course they will strike back. It is human nature.

There is a very good reason for the longs to remain optimistic too, and this is probably why you've got 8000 shares and the reason I have quite a few more than that. Like a huge plant in NI with state of the art equipment capable of massive output capacity. The ability to actually produce the cells (laptop sizes being made for Alliant). Products with 50% greater energy density that current Li-ion units (cellphone) and 100% greater for laptops. A high-caliber BOD and a very experienced senior staff. Hundreds of patents to protect their performance advantage, and next generation development that promises to leapfrog the existing design. And yes, their finances are precarious, but they also have Carl Berg.....................................

So if the longs are bullish they do have reason to be, and should not be labelled as hypsters. We don't know the status of contract negotiations, but I'm sure the institution that bought $3 million worth of stock recently knows the score on that, and they bought. It's comparable to a very large insider buy IMO, and to me a very bullish indicator. I think we'll both do well!

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