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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Tickertype who wrote (17028)	12/14/1999 8:30:00 PM
From: mooter775	Read Replies (2) \| Respond to of 27311

Tickertype, Depends on your own willingness to assume additional margin debt. I personally think that the stock will be a good bit higher in the next 30, 60, and 90 days than it is now. Because I think that OEMs will start accelerating their commitment programs in view of what they might perceive as diminishing available capacity (intermediate term) in NI. Personally, I tend to purchase long term calls deep in the money ($ 5.00 calls in March 99, of which I exercised 800, and 100 June 00 $ 5.00 calls, which I intend to exercise). I think you have to assess the downside risk in the stock (perhaps as low as $ 13, but more likely $ 15) in the next 30-90 days and determine your capability to withstand a decline to that area. Castle Creek is gone, but there are still a whole lot of folks who "love to hate" this stock... They won't give up shorting this stock until we have one of two more purchase orders and/or an impressive financing in the mid-teems. I think those events will happen. Others don't - and that's what makes a market.