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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (266)	2/17/2000 8:14:00 PM
From: Zeev Hed	Respond to of 30051

Tim, if VLNC cannot find support at $30 so close to the SH meeting, that would be a bad technical sign, there is no good place to put a stop loss there down to about $26, but I may take my losses earlier if it does not hold, at least on a closing basis. That stock has come a very long way to a valuation north of a billion or so, and they are a long way from being in standard manufacturing. Personally, I am not sure I like the approach of becoming a licensor, you do not get much royalties on process technology and the basic polymer patent is held by Bellcore. Of course, if it is just a side line or to create second sources, fine, but I think there are sufficient second sources out there like ULBI (claiming to be in production by the end of the first half) and now Electrofuel claim they'll be in production by the end of the year. Zeev