Wolanchuk's insights are not perfect and this is to be expected of a futurist. He was certainly wrong about the Canadian dollar, inflation and gold. He was premature on oil. Somewhat earlier, on the advice of a staff economist(Stevens?), Byron Wien made similar predictions about inflation, etc. Meanwhile, Ed Yardeni was proclaiming the end of the world. So, neither hocus pocus nor economic analysis were correct in those instances.
Immediately prior to the referenced interview, Wolanchuk had predicted Valence would see "12 before 6". He was right. When Valence later dropped to 5-6 dollars, we see he remained bullish as evidenced by the above statements. Investors made huge gains less than a year later. Just as he predicted that the stock would go on to 50 dollars, there was the lawsuit settlement, short selling, hedging, and then the bottom dropped out of the market. He remains bullish. Time will tell. What happened to the Motorola deal? We now know that the factory was slower to gear up to the new technology than most(including Lev) were expecting. This new technology won't be rushed. Motorola and Valence are going to be especially cautious for obvious reasons. If there was a deal, it was evidently postponed. Time frame? Don't know, ask Wolly. |
