SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Johnson who wrote (9841)3/26/1999 1:20:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
<<Larry read and reread FMK's last post and then look in the mirror and say "why am I so dense".>>

Mark, we had this very same conversation three months ago when the stock was at a higher price. FMK was saying the very same thing about the purpose of SEC filings (he was also wrong about this 3 months ago.) FMK was saying purchase orders were imminent, and he was goading me for having sold at lower prices.

It turns out that 3 months ago the SEC filings were right and FMK was wrong. I lost out on absolutely nothing by selling 3 months ago and have had several opportunities to buy back for up to 30% below the price where I sold.

We had this same conversation 6 months ago when FMK said production was imminent and the SEC filings said they were not. As a matter of fact, we've been having this same conversation for 18 months.

The losing game on this stock for the last 18 months has been to buy into one of these spikes. I managed to get my original investment back by selling into these spikes. I see nothing different about this one than any of the several that preceeded it.

But what do I know? Maybe this time, "we have sent no commercial samples to any customers" means "not only have we sent commercial samples to customers, but they have also tested them extensively and are ready to sign a purchase order." If so, I might have to pay a higher price if I want to buy. Fine with me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext