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

To: P. Ramamoorthy who wrote (24799)	8/24/2001 4:31:05 PM
From: drbailey	Read Replies (1) \| Respond to of 27311

I expected to see a lot more blood spilled today. Perhaps the Naz rally helped. Basically, we are back to where we were before the last bump up. Actually, the low on 8-22 was in the mid $3's so all in all I'd say we didn't get the beating I thought we would get. Another huge disappointment but are we really in any worse shape than we thought we were in three years ago when the price was the same as now? Castle Creek is out. Phosphates are in. New management. Tech crisis may be close to over. Market thought it was worth $40 a share at one time in recent history. etc. Some of today's drop was surely some shorting. Others were selling who don't have the time to wait on the new management to work out their plan. I sold a little out of frustration but held on to the majority of my (unfortunately large) position. I will wait it out. Hopefully, others will as well.