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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: MGV who wrote (19440)4/29/2000 2:48:00 PM
From: FMK  Read Replies (1) of 27311
 
MGV, My address is still the same as it was 20 years ago. I admit that my timing was bad, but in the long run, it was right to buy Valence in the single digits when I was a very active poster. The company has not failed as naysayers had predicted.

Have I learned anything from my experience? I have learned that the present market situation is a much better time to get on margin, and regret that I used too much buying power at higher levels.

While on the subject, A veteran who controls a large portion of Valence stock has previously never advocated using margin. A few days ago he told me that if there ever was a time to use margin, it is now. His words suprised me because he has always been cautious.

Does my self-made millionaire friend know something many of us don't? Perhaps he is just a little better than some of us at evaluationg risk vs reward!
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