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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (14132)9/2/1999 9:13:00 AM
From: John Curtis  Read Replies (1) of 27311
 
Larry: Agreed, it is a hypothesis. One fraught with conjecture and presumption. Stilll.....one can never tell.
And your "those not holding the preferred shares incur substantial risk in trying to ride a floorless "coatails"" is something I also agree with, which is why I'd made the comment about the shorties having to be careful. If they're along for the ride, then given where VLNC is right now, if I was in their shoes I'd have to be weighing the risk of how much further down VLNC can go verses the profit I already have in hand. So it goes...

Still, if one assumes those coat-tail riders are a small aspect of the total tactical thrust, we're left with only one other conclusion(uhh, that's disregarding the argument that this slide is fundamentals based, of course). The professionals are having a party with VLNC.

Now let's see how today goes...

Regards!

John~
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