To: Larry Brubaker who wrote (16096 ) 11/15/1999 8:42:00 AM From: eli74 Respond to of 27311
Thanks for your answer Larry. I think the important thing to keep in mind is that things have unfolded as the bulls had said they would. (Not necessarily when, granted). The attraction to Valence is its potential future. The bulls have said that the company has had a technological lead, and offers a product that is superior to anything else in the marketplace. The purchase order announced last week would certainly seem to corraborate that. The company also seems to have sources of financing in place, or at least enough financing to avoid the possibility of financial collapse. It may be expensive financing, and perhaps Lev et al were fools to let themselves be hoodwinked by Castle Creek, but they do have the necessary financing. And if the company is as successful as it appears they will be, then the dilution involved won't make a damn bit of difference in the long term. And finally, in terms of the bulls, i.e., Mooter, Klemancic etc., they have been guilty beyond a reasonable doubt of being too optomisitic too soon. But they have also been willing to put their money where their mouths are in terms of building long positions. I wonder if the bears on this thread have been willing to do the same. Warren Buffet has been quoted as saying that in terms of investment analysis, "It is better to be approximately right than precisely wrong." Its good to remember that when discussing things like who said what when, and if something predicted didn't occur by a certain time frame, then the person making that predicition was a liar and a fool. The game in this stock is only in the very early innings. So relax and let it unfold.