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


To: shasta23 who wrote (1693)12/11/1997 3:17:00 PM
From: Matthew Leo  Read Replies (1) | Respond to of 27311
 
Stefan - 3 to 5 bagger ($12 to 20) from 4 1/8 where the stock was when I gave that opinion.

Paul - Fishy, because a look at the chart (to my eyes) reveals selling before the Cal Reed announcement. Fishy, because a more appropriate announcement would have had a summary from Cal about where
he's taken the company todate and from Lev about where we are going.

Buy - because the confusion that's resulted from the above has created a bargain. Buyers are getting a company miles ahead of where it was every other time the price traded at these levels.
If you believe they can't produce batteries sell, if you believe they can buy.

regards



To: shasta23 who wrote (1693)12/11/1997 5:37:00 PM
From: Paul Dubsky  Respond to of 27311
 
Not that it matter much at this time, but I still don't see any record of Cal's actual sale of his 50,000 shares registered in November. He still has 60 days left to sell. Certainly don't think he's dumb enough to sell without the expectations of the stock going up considerably, or down considerably, which it has, but still no record of his sale at $8 or so.

Anyone else have an actual confirmation of his sale?

Stefan, as easily as it is to give up or jump from a "sinking ship", not all of them are the titantics of the world! I just can't imagine anything significant coming out of the company that would make the stock price be so ridiculously priced. I don't see how the company can be so dumb the second time around. So internal estimates of a December deadline aren't met. January is fine by me, in the long term picture. But, like I said before, there was some pretty heavy call options in VLNC through last week, as it appeared that someone thought an option to buy at $7 and $5 in December and January were good bets!

Guess again.