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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Herb Blair who wrote (19078)4/8/2000 2:56:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
I had to laugh after reading Wolanchuck's interview.

First, he mentions the stock went from $3 to $40 and takes credit for having recommended a 10-bagger. So, he is taking credit for the difference between the 3-year intraday low and intraday high. Neglecting the fact that when he first started touting VLNC, it was well above $3 and it is currently well below $40. Neglecting the fact that it has lagged the NASDAQ since he first starting touting it. Neglecting to mention that a few months ago, he said it would be at $50 within a few days and it shortly fell to $20 and below.

Regarding his oil price prediction. I believe a year or so ago he predicted $100/barrel oil. Talking about how all the gas-guzzling SUV's will deplete the world's oil supply. He neglects to mention that the current price blip for oil is because OPEC reduced production substantially several months ago because the oversupply had driven oil down to very low prices.

Regarding his prediction for the DOW. At the same time as he predicted 100/barrel oil he predicted a 30,000 Dow. Didn't give a timeframe for either the $100 oil or the 30,000 Dow.

I guess its easy to be named "Timer of the Year" if: (1) you are the only one competing for the award (2) if you make enough predictions, particularly with no time frame attached, and (3) you only count the predictions that have been somewhat accurate and you neglect to mention the ones that have been totally inaccurate.
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