VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Richard C. Reardon who wrote (4043)	9/1/1998 8:48:00 AM
From: John Curtis	Read Replies (2) of 27311

Richard: "Shipping clerk!" Heh! And that earlier commentary on statistics and probabilities. Jeeez, I felt like I was back in undergraduate school. Statistics 101, my FAVORITE subject, UGH!! As for VLNC I've got to agree the percentages look to be in their favor. BUT, what I feared would happen is in fact shaping up that way. What's that? VLNC will announce milestone achievement right into the gail-forced teeth of a major correction. The correction is well underway now. The next step is for VLNC to announce. What does this mean, should it happen? To me it means that although VLNC will do well, you should consider that when calculating future revenue potential you might want to use PE ratio's that are realistic and reflect the norm, not the mania levels we've seen in recent years. What should that PE be? Hmmmm.....how'sa 'bout 13 to 15? Or maybe 8 to 12? Anyone have a thought about this? As for yesterdays fall out of bed. The only saving grace is having lived through one downturn, and read such books as "Mania, and the Madness of Crowds" I've kept a tidy sum of casheesh on the sidelines awaiting just such an event as yesterday. So I've got my basket out and am going shopping today(or at least looking very carefully). I just might pick up a few issues I see as now being screamingly oversold. Let's see how it goes.... John~

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