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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (9344)3/14/1999 8:42:00 PM
From: Bill Wexler  Read Replies (1) of 27311
 
<<I have to think there is more to your analysis than the meager bits and pieces you've revealed in your posts so far>>

You would be absolutely correct on that point.

<<I'd still love to know how you get the $1 if the whole thing's a fraud, though. Shouldn't it be $0?)>>

There's always *some* value there...cash in the bank, or other assets that can be liquidated. Sometimes company in the worst financial shape imaginable can have stocks that are artificially inflated on gullible investros hopes for a long time. Check out ABTE as a perfect example (disclaimer, I shorted ABTE at 10).
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