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: MGV who wrote (19436)	4/29/2000 2:15:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

An example of how a self-made millionaire uses margin. A friend who owns 100k + shares of Valence called me during the recent market selloff to ask if I was aware of any problems with production and if all was on track. He then asked his broker how much buying power he would he have if Valence was at $10. On the following Monday he bought 10k shares in the low $12 range. He called me a few days later when Valence was at $15 or so and was rather pleased with his purchase. Apparently he stole some low-priced stock from the shorts! Was his margin purchase a reckless act or typical for a self-made millionaire?