Zeev, I got into VLNC in a large position at an average of about 3 5/8, following Berg. Since then I have both traded and reduced my position profitably, but not as profitably as I could have had I sold it all, rather than part, in the upper 30s. Berg still believes this will be $100 stock; giving the leverage of licensing, what that might require is Belcore li-poly designs to capture a significant fraction of the rechargeable market. As I stated on the VLNC board, I was disappointed in the details of production on this recent conference call. However, given the new equipment arriving, that could turn around by the 1st or 2nd calendar quarter of 2001. We shall see, and I'll hold my position until the direction of VLNC becomes clearer. In the meanwhile, there is the possibility of news of orders or licensing deals driving the stock price higher in the near term. I consider VLNC a speculation, but one whose odds have improved recently. Accordingly, it's just a small fraction of my portfolio, though that was not the case for awhile in March! Just as a note, few people have lost money following Berg on his core ventures; the ones he is less certain of, such as Candescent (still private, I believe), have been structured to place little of his capital at risk. And I still like MSW - grin.
Meanwhile, what do you think of SNDK and SSTI at today's prices? |
