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

To: shasta23 who wrote (1683)	12/11/1997 5:14:00 PM
From: Paul Dubsky	Respond to of 27311

I am optimistic with regard to the potential of this company. But, the stock price bites. Every time we think it's finally settled down, it goes lower. First was $7, then $6, then $5.5, then $4.5. At $4.5, it's 50% below it's 52 week high. Not as bad as some "speculative" stocks I watch, but still, as the largest holding in my account, it definitely makes a dent! Am I selling? Hell no! I'm liquidating some of my other holdings to be able to hold onto my very large VLNC position (and even add at these levels, believe it or not). Hurts to sell mutual funds for a loss, but I've got to be cash even with VLNC just in case it gets down to $3.5, which it finished only a buck away from today. To be honest, since many brokers have the $3.50 policy, I see VLNC getting pushed down to there by the MMs so that they can really cash in on the instability of this stock. I sincerely think that those with the ability to manipulate VLNC have done so to a "T", in order to pick up shares for cheapo, just before an expected surge in the price. Does it make sense? Hell no. But, nothing ever makes sense on the Street! I'm holding! If the boat goes down, so do I. (At least it'll provide for a nice tax write off for the rest of my life!) On the other hand, holding in the face of adversity makes you a MAN (or WOMAN) and will reward. Take advantage of the panic. Paul