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

To: John Curtis who wrote (1511)	12/4/1997 8:42:00 PM
From: J. M. Burr	Respond to of 27311

JC: Quite a day! I get a phonecall from a broker who had blown my purchase order at $5.75 and he asks if I want in at $5.25? I run the gamut from pissed to curious. I asked if the company had declared bankruptcy or the plant had self-destructed or if the world had gone mad. Sorry, no info. So I buy. In for a penny... I check this thread, I get a call; new management, what the hell, Reed is out. So, I call the broker and say dump this thing at 6 until I can figure out what's wrong. Boom, its gone. I'm in and I'm out in hours, and I start calling myself seven kinds of names expecting it to close around 6 1/4 or thereabouts. Then it immediately backs off and closes somewhere around 5 5/8. Now, Why would an otherwise interesting play lose 25% of its value in less than a month? I don't like enigmas. Never have. When someone comes up with the real reason I'll buy back in. Good luck guys. Tumbleweed.