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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (3218)6/30/1998 2:47:00 PM
From: MGV  Read Replies (3) of 27311
 
John,

My message was genuine. I hope it was clear in supporting the idea that there are no shortcuts in investing. Do your own reading and research. make your own interpretations and judgements. never let anyone interpret information for you unless you are convinced they hold your own interests at heart.

Regarding yesterday's and today's combined 20% drop from 6 1/4 to 5, Sometimes the market can be savagely efficient. The conference call that you reported does not respond to many questions about the company. It also is not inconsistent with some critical circumstances reported in the 10K, such as the cash flow status (i.e., on 6/30/98 the company has a negative current ratio). I understand from your post that Dawson did not respond specifically to questions regarding current levels of cash. Moreover, they won't be producing in the 1st or 2nd quarter, CY or FY. Dawson indicated that it could be the 4th CY or 3rd FY according to your CC report. That is new news in some respects and very old news in other, more disconcerting respects.

Regarding further posts, I have said my piece on this issue but, don't hesitate posting to me if you want to discuss in good faith this or any other stock.
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