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

To: Dennis V. who wrote (18056)	2/4/2000 8:30:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 27311

The truth is, Dennis, that both longs and shorts suffer from "steadfastness" too often, I believe in flexibility, I do not fall in love or hate with any stock. The steadfastness of the longs in VLNC was "rewarded" but it could have ended up like GATE, or even IOM (both not ended yet, but lingering near their lows), or even worse like IELSF and CHTL which are essentially "dead". The fact of the matter is that VLNC at the time had a floorless, and almost invariably, this is a major warning sign and attraction to bears looking to shoot fish in a barrel. The removal (in essence voluntary by CC, did they know something before we all knew?) of the floorless should have signaled to the bears that their hate party should be over. Right know, there is a "love" party going on around here, and I am enjoying the good mood myself (notwithstanding the fact that "for the time being" I left few bucks on the table), however, the life in the fast lane of rapidly changing technology can be dangerous, and until VLNC's finances look more like an "ongoing concern", the risk of a very severe retrenchment, due to some mishap, a general market malaise, or who knows what, is far from nil. The best way to protect against such possibility (and I believe and eventuality) is to be in a plurality of issues. To all, enjoy the party in Henderson. Zeev