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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Trader Ric who wrote (19879)5/25/2000 6:29:00 PM
From: Dennis V.  Read Replies (2) of 27311
 
Trader, news broadcasts stated that today's downturn was attributable to statements by TWO analysts. One, recognized as an expert on Microsoft, stated that the breakup value would be less than forecast. Another commented negatively on the profit outlook for Goldman Sachs, primarily due to low trading volume. How ironic, and fear is just stuck in this negative feedback loop.

Zeev, is there a precedent for the present situation? Perhaps the bear market of 1994? No recession in sight though, and no big dive like 1987....
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