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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Bill 49M who wrote (1880)1/6/1998 2:27:00 PM
From: FMK  Read Replies (2) of 27311
 
<<Also you can stop the forecasting>> Bill, from the information I was able to acquire, I sincerely believed that we would be in the teens by the end of the year. A manager of a very large fund was buying heavily in the 8's with the belief that Valence would have a contract announcement at the time of the AEA show.

We know it didn't turn out this way and I apologize. I was forced to liquidate 75% of my position on the way down and lost about 1 1/2 times the value of my house. I believe the stock is now tremendously undervalued and have been acquiring all I can at these levels with available cash, leaving some safety margin.

But thanks for the feedback, I knew someone would eventually remind me.
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