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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (19037)4/6/2000 10:15:00 PM
From: FMK  Read Replies (3) of 27311
 
Yes Zeev, I agree the market will continue to fluctuate and we cannot be certain of the direction in the short term. However, you should acknowledge two important factors that drove Valence stock price down far beyond what can be attributed to the market in general. Namely:

1- The hedging (shorting) by Bear Stearns of the lawsuit shares. (temporary effect starting in the 30s).

2- The action of an organized short coalition, complete with unfounded rumors and misinformation, who acted when the lawsuit shares hit the market to drive the price down more.(also temporary unless the shorts believe Valence does not have more contracts to announce or more analyst coverage in the near future)

I therefore believe this presents a wonderful buying opportunity because Valence share price has dropped far more than other tech stocks due to above conditions 1 and 2 and that its low share price is temporary.

Again, I know you would have more than a neutral opinion if you had attended the shareholders meetings, toured the facilities and done thorough research. I am sure you would agree that it's better to buy before imminent contract news and more analyst recommendations (and while there is some remaining margin selling), than after.

Remember the stock was in the 30's and probably on its way back to the 40's before the lawsuit shares (temporay effect) began to hit the market.
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