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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (19037)	4/7/2000 9:05:00 AM
From: Sam	Read Replies (1) of 27311

OT----> Zeev, <<Right now, margin might well be your worse enemy.>> That is why it is unbelievable that Greenspan claims that he won't recommend that the Fed raise margin rates because it would hurt the small investor! The only responsible action for this guy to take, IMHO, is to announce that margin rates (including maintenance rates) will be increased by 1/2 percent per month for the next 6 months, a gradual rise that will give people a chance to reduce their margin at least somewhat gradually. What will really happen--what has already happened to a small extent--is that the "little investor" on margin will get slaughtered in the next downdraft, and will be forced to sell his/her stocks at very low levels to market makers/specialists/others with cash. Serious bargains will be created by Mr. Greenspan's "kindness toward strangers". One part of me doesn't mind--I will have some cash to take advantage of it--but another part of me is just disgusted by it. s.

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