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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Gordon Quickstad who wrote (6932)1/9/1999 3:58:00 PM
From: FMK  Read Replies (2) of 27311
 
Gordon, If you look at indicators such as the increase in employees to 270+, the extension of financial deadlines, statements by Lev regarding more production equipment such as "...I wouldn't have ordered it in a million years if I thought there was a chance of failure", and the capability of being profitable with just one production line, the risk factor of missing the inevitable run-up increases with time for being on the sidelines.

I was burned also by the bogus s3 selloff. I still maintain that improved financing has not affected the status of lines 1 and 2 or lessened the probability of success. It was the poor wording of and misinterpretation of attorney disclaimers by someone who didn't take time to carefully read and think before hitting the panic button. I recall an observation that the S3 had been available to brokers and institutions several days before being posted on the internet. It didn't seem to bother the professionals.

Filling out required paperwork to register a positive event shouldn't have triggered a selloff. IMO the stock should be $5 higher now and still considered a bargain. I think the bruising and pain after the stampede is worse when there wasn't a fire in the first place. All I can say is, make the best of it and take advantage of the temporary low share price.
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