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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: golden_tee who wrote (18847)3/29/2000 3:45:00 PM
From: Zeev Hed  Read Replies (3) of 27311
 
Robert, I am still of the opinion that something more fundamental is behind the current slide. In the last few months everytime we got close to that magic $26 or so, drove of buyers came to the rescue, this time they did not. Hopefully they will come in here at the $19 area and we will not have to go through the agony of testing the $15 area (and don't ask what if $15 does not hold). I doubt that any fundamental changes are of such magnitude as to negate the thesis of this being a successful company, but since timing is quite important (windows of opportunities), the market may set different valuations for different rates and qualities of execution. If there is a slow down, a loss of an important account or some problems with batteries already shipped, all speculations, mind you, the delay that might result from such inopportune (and at this time, unknown to us and just postulated as outside "possibilities") events will definitely have a negative impact on the rate at which the valuation of VLNC will grow. I did not like leaving on the table the loss this morning either, but that comes with the territory.

Zeev
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