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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bruce A. Thompson who wrote (6415)	12/29/1998 9:57:00 PM
From: Bruce A. Thompson	of 27311

What's a Million Dollars Between Friends? by: bathompson (47/M/Greenville, NC) 444 of 455 Two weeks later... Miracles Inc., today announced $6 million in new financing. The money will be used to supply miracles to their newest huge customer that will be buying more miracles than ever sold before. This will be an on going relationship and will result in huge record profits landing immediately on the bottom line. "OH MY PORTFOLIO LOOKS FANTASTIC NOW" shouts Hypester on the message boards. "BUY NOW BEFORE THIS ONE GOES TO THE MOON" Joe investor starts toe wetting positions in the stock while doing due diligence. The company looks pretty good on paper and it just got $6MM in new financing so it must be OK. Buy more. Meanwhile, back on The Bahama Mama, Spiral asks Wenie if he got the Convertible Preferred Floorless issue ready to go yet. The stock price has doubled in the last week and should double again in another week. Wenie says YES, so Death Spiral picks up the satelite phone and calls his broker in New York. "Short $6 million in Miracles Inc" he says. "Make the proceeds check payable to Miracles Inc. and hand carry it over to them today. They should have some Preferred Stock certificates for you to Pick up when you get there".............

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