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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (2307)2/22/1998 8:15:00 PM
From: FMK  Read Replies (1) of 27311
 
Larry, I saw your note about having sold your entire position. It appears there were many that reacted similarly to the conf. call, including at least one analyst, after making incorrect conclusions about equipment being shipped back to the US from Ireland.

The stock rebounded some after the news release and, now after clearing up what appears to have been a major misunderstanding and my information is correct, it seems not to have made sense to push the sell buttons and the stock has again become oversold.

I believe that regardless of Red Chip's impression of the conf. call, the upside potential and the reasons for buying in the 8's and 9's are still intact, and I agree with Don Wolanchuk's recent statement that being able to buy is the 5's should be considered a gift.
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