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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (7163)1/17/1999 7:49:00 PM
From: MGV  Read Replies (2) of 27311
 
You are wrong, as well as arrogant and careless.

I posted on 6/29. VLNC was 6 1/4 on 6/29, as I represented.

You get into trouble when you start attributing words to others. Was it delusion or just carelessness that made you attribute a sale at 6 1/4. Go back and look again - as many times as it takes. Spend the whole evening. You won't find what you think you saw or remembered.

The point was simple: what was the price of VLNC on the day that I posted. Immediately after the 10K was reported, VLNC began to fall from 6 1/4.

In addition, you failed to grasp or at minimum failed to acknowledge the heightened volatility and the crash below 5. It caused margin calls, forced sales, and immeasurable stress for those holding it.

You can take an opportune slice of time - but when the stock is earning negative returns for long periods during the greatest bull market in the history of equities, you come off more than just a little ridiculous citing relative returns and VLNC in the same sentence.
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