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

To: cahabaphil who wrote (17156)	12/21/1999 10:20:00 AM
From: Greg McDaniel	Respond to of 27311

After the second announcement(PO) I advised a friend to purchase a 1000 shares of VLNC. He did near the open at 9 5/8. He talked to his broker a day later and his broker advised him to take what appeared to be a $1500 profit. Broker went on what a volatile stock this was and that he couldn't guarantee if it fell thru 9 5/8's that he could sale it fast enough. He took his brokers advise. I called my friend a few days later and advised him his broker is costing him money. He later looked at his transaction and found that his brokerage fee was nearly $500. Hopefullly, the current wave is being purchased by stronger hands.