Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: eli74 who wrote (18066)	2/5/2000 1:23:00 AM
From: Roger A. Babb	Read Replies (2) \| Respond to of 27311

eli, both longs and shorts sometimes fool themselves into thinking a lucky pick was skill. And then set themselves up for a fall. The hardest lesson for any investor is to learn to admit a mistake and get out of a position. You don't have to be right every time, 3 out of 5 will do if you cut your losses in time on the other 2. And don't forget to take profits on the other 3.

To: eli74 who wrote (18066)	2/5/2000 9:30:00 AM
From: Dennis V.	Read Replies (3) \| Respond to of 27311

<OT> Hi Eli, I had this thing figured out last night, maybe I can recap, mornings are tough. You see, like lws, I like to think about things, rotate ideas, explore concepts and there are no particular restrictions, only why, when, how and "what if". Just wish I had lws' brilliance. It puzzled me as to why someone would come on this thread at this particular time and publicly announce he had shorted Valence Technology. My conclusion is that it is a publicity stunt. Right now, the ring is littered with shorts, bloody and sprawled on the mat. So, up steps a fellow with ego big enough to name a thread after himself and proclaim, "let a man show you how it's done". It doesn't matter whether he has actually shorted or how much. The odds are in his favor. A "win" would have enormous cache among that crowd and would be referred to constantly on the captive thread . A loss would be quietly buried. The exact timing of this was also puzzling until Visnic (motley frank) mentioned "stochastics". The misuse of this technique on a story stock led to the timing of the proclamation. We are all aware of the statistics behind shorting. One big win makes up for a bunch of loses. I have a problem with shorts who smear and slander a dozen companies in the hopes of being right about 3. I am not aware of that happening in this particular case and it wouldn't fly, anyway. There's a lot more but will give it a rest, for now. A note to Zeev: yes, let's all be cautious. My feeling is that anything can happen at any time. A tornado could hit. Someone could win the lottery. We're only a heartbeat away from truth. However, at a given point in time, while being fully prepared for all eventualities, something happens that was totally unexpected and unprepared for. A bit of a paradox? In Spain, during the onslaught of the Moors, the Visigoths has the military advantage through thorough Teutonic preparedness. They were undone by a single traitor who sneaked through the lines in the dead of night and showed the Moors the secret passage behind the Goth's defenses.