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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: wm sharp who wrote (7350)1/22/1999 9:53:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
William, I'm not bottom-fishing. Chances are, if I do buy the stock again, it will be at a higher, rather than lower, price.

I'd like to see something official from the company that convinces me they are likely to go into production soon and/or otherwise avoid the financial problems they face. Chances are I will have to pay a higher price for my caution. I am not inclined to trade the stock right now.

By the way, as you recall, my $25 prediction was contingent on VLNC going into production relatively soon. If so, I think $25 by the end of the year is not unreasonable.
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