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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Matthew Leo who wrote (296)5/7/1997 6:21:00 PM
From: Paul Dubsky   of 27311
 
Any news from "Morty"?

Although VLNC doesn't go up in up markets, at least it doesn't go down in down markets. Obviously, this stock has a personality all of its own. I have to think that we've seen a bottom at 5.5/5.75 VLNC is holding on for news. Since any development should prove very rewarding to patient investors of this stock, it would seem irrational to sell at this point. (Actually, tomorrow am, I'm adding to my investment in VLNC.) With such HUGE upside potential, why not? What the hell. You could trade 5 - 10 stocks and have a canary every day trying to keep up with them, or you could trade one and shoot for the stars. So they say don't put all your eggs in one basket. "They" haven't seen the potential of VLNC. I keep reminding myself that with production in 1993, this stock was 10 - 15. When they had orders, it was 20 - 25.

Some day when it's tradng in the 50s and newbee investors are upset with a one day loss of 4 or 5 (from 55 to 50), we'll be sitting on some very nice gains. (Hope Congress cuts that cap gains tax!!!)
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