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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (3537)7/30/1998 11:10:00 AM
From: Gordon Quickstad  Read Replies (1) of 27311
 
I think we're all a little disappointed the stock didn't jump a buck on the financing news. I didn't intend to buy any more on the news, nor was I even tempted. If you extrapolated my mindset across the market, then you would get about the reaction the market has shown. Which may mean my attitude is similar to other investors. Now, I would be tempted to pile on more if the stock did go up a buck (John's bull trap), just as ladies in the cartoons in days of old had a grabbing and buying frenzy at the table full of on-sale clothes. (now they're more apt to be buying high priced assets).

I think of the movie "It's a Mad, Mad, Mad, Mad World" where Jimmy Durante kicks the bucket and then Jonathan Winters and his ilk start out driving slowly down the mountain like they don't want to let anyone else know they might know where the treasure is hidden. Who's going to be the first to make a dash for the pot-o-gold?
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