VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (19033)	4/6/2000 8:57:00 PM
From: FMK	Read Replies (1) of 27311

Rich, It's too late for many to be careful with margin in this market. I spoke with people who sold thousands of shares to cover margin calls and to others who sold thousands of shares to be sure they wouldn't get one. There were varying degrees of risk tolerance. One wanted to be sure he was ok down to $9. Another at $12 and yet another at $13. My conclusion was that many sold in the teens that didn't have margin calls and will wish they had kept their stock. I believe we are close to more positive news and analyst coverage. It was as DR Bailey once described as "bullies scaring the the other kid's into dropping their candy". The candy has been dropped and at a price much too low for market conditions. I spoke today with one of the kids who dropped his candy. I believe he is going to muster the courage to pick it back up before the bullies get it!

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