VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (2298)	2/22/1998 11:57:00 AM
From: Larry Brubaker	Read Replies (2) of 27311

<<My buy range is from $$4.5 to $5.20. I think the downside risk is minimal from there.>> John: There is a very real possibility of a substantial downside, even at that level. Don't forget this is a company with no earnings, which is also running out of money. This is a company which has also promised and not delivered results for some time. Lev spoke about trying to arrange debt financing during the CC. Should they not be able to obtain debt financing, and should they not be able start putting a product out the door in the next several months, I could foresee a substantial downside, even from the $4.50 level. That's the thing about stocks with such a high appreciation potential. They also tend to be quite risky on the downside as well. The two tend to go hand in hand.

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