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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (1766)12/17/1997 8:16:00 AM
From: Paul Dubsky  Read Replies (1) of 27311
 
Sorry to hear that, based on the number of shares you had! Like I said in an earlier post, I sold off my valued NI Microcap fund to be in a cash position in my account. Now, not even the evil MMs can get to me! I will not margin again until VLNC has some OEM announcements and the stock is heading into the teens! (I too learned a leasson on what almost happened, and having to take a loss on my NI mutual fund shares.) I'm more pissed off at myself for not having more money to buy at these levels! I could almost double my money from here by the time the price gets back to my average cost ($7.5). Oh well.

Good luck to you, and remember the IRS 30 day wash rule. If you buy back before 30 days, you won't be able to write-off your tax losses.

Paul

(John, yes, there must have been a rush of margin calls at the end of the day cause this one dropped like a dead dog around 3:15pm. Goes from hanging in there around $4.75 and $5 to $4.25. I saw a lot of trades go by after hours at the bid, so the MMs must be calling everyone!) I thought that VLNC becomes unmarginable at $3.5, not $5 or under? Is it that everyone's total equity in their portfolio is falling below 50%? I know that a couple of my other small/micro cap holdings are also getting drilled! I never thought I could look forward to a new year like I do this year!

To the safety equipment dude - any news on the "wet run" trial? To anyone, hear anything else on production for Q1?

Good Luck..
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