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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William Epstein who wrote (11589)5/31/1999 11:16:00 AM
From: Doug McKenzie-Mohr  Read Replies (3) of 27311
 
I'm seeking advice on using margins to purchase Valence. I have, for me, a sizable position in Valence and am considering leveraging those shares by using my margin to purchase additional shares when the P.O. is announced. Like everyone on the bb I have no idea when the P.O. is coming and don't want to be in the position of not being able to utilize my margin because I missed the press release of the first P.O. I spoke with my broker this morning and I can place an order to buy more shares if the price reaches or exceeds a certain point (say $10). Anyone else grappling with this or have suggestions? Thanks in advance. Doug
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