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

To: John Curtis who wrote (1765)	12/16/1997 11:26:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

On the subject of margin selling- I have been working some long hours for several weeks but have not generated sufficient cash to keep up.. Regrettably, I am down to less than 25% of my position, and was required to sell for as low as half what I paid. I have spoken with others with similar experience. I am mentioning this because it may confirm a consensus that we may be nearing the end of the margin selling. I know most of my stock is gone and I have done my best to hold on. I have two sizable Invoices in the process of being paid, I will use the funds to buy back in, and will add more on margin on the way back, but will stay at least $1/sh above equity requirements. I continue to believe in the earnings potential I have based computations on and that the reasons for buying in the 7's, 8's and 9's are still intact, making the stock a tremendous bargain at these levels. Regards, FMK