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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (19664)5/12/2000 12:44:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
MGV, not only that, but the "Market Timer of the Year" neglected to mention in this year's Stockhouse Interview ANY of his picks from last year's Stockhouse Interview. That's because almost every one of his picks from last year is underwater.

The "Market Timer of the Year" did mention touts from previous years that briefly spiked. Like he mentioned that VLNC went from $3 to $40. As if he had recommended it on the day it hit $3, and recommended selling it on the day it hit $40. I'd venture a guess that you could tout most any stock at random, wait a few years, and then give yourself credit for the entire difference between the multi-year low and the multi-year high, and be able to claim a similar, if not bigger, gain.

Finally, a market timer, first and foremost, should be adept at timing markets. Particularly the long-standing "Market Timer of the Year." Yet when VLNC was trading at $40, shortly before the beginning of the biggest correction in the NASDAQ in 13 years, the "Market Timer of the Year" was predicting the stock would be at $50 "within days." At least according to what I read on this thread. I sure don't pay to listen to his answering machine.

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