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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (18904)3/31/2000 12:37:00 AM
From: FMK  Read Replies (2) of 27311
 
Zeev, Thanks for your comments from the market's perspective. Skyhi's posts were an excellent summary of the company's state of affairs that have remained somewhat a secret to the market, since the company does not do interviews and has kept a very low profile.

I should mention that an investment veteran I have known for a long time (who controls a large portion of Valence stock) recently predicted $50-$60 by June. I asked yesterday if his opinion had changed. He rephrased his prediction to "....the June-July time frame". He felt the current price level was "ridiculous" and that buying in the low 20's was a steal.

I know you would have a better understanding of these issues if you had attended the shareholders meetings and toured the facilities etc.

On another point, it appears there were a combination of factors that drove the price down that included the lawsuit shares being shorted as well as a separate short attack. The combination has depressed the stock price far below any level that might be explained with "the market knows best".

I was told to expect more analyst coverage soon.

Its good to hear you have become a shareholder!
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