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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (19032)4/6/2000 9:46:00 PM
From: Zeev Hed  Read Replies (2) of 27311
 
Fred, I agree with rich, if people are still on margin, the current rally which I do not think will last past the end of April should be viewed as an opportunity to cut down on this margin, IMHO. We are not at the beginning of a bull market, but closer to its end. There is a reason for the increased volatility, and often when the VIX goes to levels experienced recently, a change for the worst in market direction ensues. No one knows if 3650 on the NAZ was the bottom, will it just be retested or worth declines lay ahead. You know from your experience the dangers of margins, I hope you are not recommending that people go to max margin to buy VLNC or any other stock. Right now, margin might well be your worse enemy.

Good luck

Zeev
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