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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (18849)3/29/2000 7:39:00 PM
From: I. N. Vester  Read Replies (3) of 27311
 
Ugly day but i picked up a large pos in sept 25 call
options. I'm very confident they will return a nice
multiple.

my friend/broker spoke with Lev twice in the
last 4 days including today and also spoke with Jay King
(CFO) and Bill Battison (mkt VP) today.

Zeev, you have your own methods which include refusal to
talk with management and refusing to believe what they say.
Perhaps your caution regarding possible skeletons in the
closet serves you well. In this case i am confident
that there are none. Simply a vacuum of news, and large
new supplies of stock coupled with margin pressures.

I have found management to be completely honest and
very forthright in the past and I have no reason to doubt
them now. Nothing in their tune has changed and they
are very positive on their outlook for business. I
believe that actual shipments of batteries have been
increasing and new business deals will be closed in
coming weeks and months.

I won't try to call a bottom here, but i do expect to see
30 again within weeks if not days, and significantly higher
prices in the months ahead. There is plenty of demand
for valence batteries, and they will be producing and
sellng in greater and greater quantities, make no mistake.

this kind of volitility can be difficult but also presents
fantastic buying opportunities to those confident
enough to step in and buy. Good luck to all but those
with large pockets who have been wrecking havoc.
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