Zeev,
Valence is acting a lot like Ancor did, though the fall is a little steeper, but not much. If you recall, after the Sun contract/warrants deal was announced, Ancor zoomed from the low teens up to the mid-30s, then backed off to the high teens/low twenties before its last, best ascent to the 90s and then, of course, back down again. Not of course that the two stocks are really directly comparable. Only in their overcoming of the floorless bandits.
I got my money out of Valence and then some, but am still holding some, though. It could be a gusher, it could be bust, we'll have to wait and see.
Meanwhile, I guess AG feels a little lighter with today's carnage. Really, all he has to do is wait. The real "Microsoft/Ciscos of the future" will be back, the others will disappear, people will learn some good lessons in risk, and most of us will probably be better off for the experience. I hope.
Regards,
Sam |
