VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (4381)	10/9/1998 10:52:00 AM
From: John Curtis	Read Replies (1) of 27311

Fred: Yup, looking for VLNC to culminate a spectacular year for me. However, generally speaking, October is living up to its nasty, mean and ugly reputation, eh? Here's a rumor I heard, yesterday Fidelity reported that a third of all its calls were margin-call related!!! Now THERE'S an answer to the Why of this market slide. I gotta say I've never seen such a massive wave of capital destruction as is now occurring. And its far from over. Kind'a sort'a like, to paraphrase a movie/novel I'm sure most of us are familar with, "Bonfire of the Currencies" is clearly underway. At least VLNC is swimming well against the deluge, all things considered. John~

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