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

To: MGV who wrote (24313)	5/29/2001 10:01:56 AM
From: da_cheif™	Respond to of 27311

its neverending...wid u...lmazoff... favewavs.com

To: MGV who wrote (24313)	5/29/2001 10:51:30 AM
From: Rich Wolf	Respond to of 27311

Your post contains sheer conjecture in re: how I traded the stocks you listed, which btw were not my entire stock universe last year, by any means. I made more money on those stocks in 2000 than I gave back in the bear market retracement in 2000. Investing and holding on the long side was a mistake in 2000, and though the depth of the selloff was not apparent in the spring or even summer, the trend lines were not exclusively down over the entire year, so nimble trading allowed for preserving capital. E.g., I made the 15-30ish flip on WSTL more than once, though in FD it was given back when the CEO misled investors heading into the Sep Q results and the stock dropped from 10 to 5 overnight. I never held SNRS for long-term, it was only a trading vehicle, waiting for news of machine placements (which has stalled during this recession)... so, no there was no 'ride down' from 8 to 3, as you most foolishly conjectured. VLNC has great upside potential from here, timeline is the unknown, but the main insider defends the stock and finances the company; I had traded out on the pops to 20 last summer, as the delays loomed large and I was preserving capital in my entire portfolio. MCOM has possibly even greater upside potential, though considered more speculative by the street since the main insider Paul Allen has never supported the stock in the open market, though he has and IMHO will again finance the company through this recession in tech investment. I only took my first position in the 'teens, but aggressively swing-traded it so my cost basis is 1/3 my initial, and below Paul Allen's cost basis of about $9 on the roughly 50% of the company he owns (depending upon how unissued options are counted). How did you do in the bear market? If you are holding some outstanding short positions, you would do well to consider covering them during the next retracement of the market. The recent rally was too much too soon, but neither will it be justified to fully retest the prior lows. Shorting brings the market down sooner, faster, and further than it would otherwise have gone, IMHO. Stands to reason when the downside risk outweighs the upside potential for the stock, that institutions switch from short to long. Hence the recent rally we saw. Sideline cash wanting a home jumped in partway, but there is more there, and much money is 'hot' in this market. The most plausible overall market scenario is sideways trading with volatility for at least 6 months, as the institutions flip in and out. Good for trading, tough for buy/hold.