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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (1975)1/26/1998 6:10:00 PM
From: I. N. Vester  Read Replies (2) of 27311
 
John, if no FUD why $5 instead of $8-9?

What is materially different between now
and most of last year?
- VLNC is now much closer
to production unless you believe that
some bad news is hiding waiting for
release.
- CR sold some shares and retired.

So what besides FUD can you call the motivation
of all those who bought at 8-9 (remember how strong
the support was at 7?) then maybe sold at a loss
but anyway won't buy now at 5????

Let's hope it's FUD and not wisdom!
If there has been no negative change,
and the stock was reasonably valued even
if only at say $6-7 3-4 months ago,
it offers a heck of a lot more value right
now at 5 or less, right?

Anyway thanks for the response John. Good to
know I'm not alone as I turn blue from holding
my breath waiting and try to understand value vs.
market psychology.

Even most threadsters here don't seem to know
what to say any more...
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