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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (3849)8/21/1998 3:36:00 PM
From: MGV  Read Replies (1) of 27311
 
Well Intel is currently down over 15% over the high last September, and at one point dropped about 27% off its high.

Would you rather be down 15% from the high in a company with 50% margins and 80-90% market share or down over 60% in a company with an atrocious balance sheet, backed against the proverbial wall to obtain financing for short term liquidity and no revenue?

Would you believe that sound forward thinking analysis would have put you into EMC, WCOM, DELL, VISX and the others I mentioned back when Wolanchuck was saying he only liked 2 stocks in the entire universe, WAVC and VLNC, both down heavily because of poor fundamentals. Far from rear view investing, is required to avoid VLNC and steer to the stocks Wolanchuck could have recommended.

Is your portfolio down 50% Paul?
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