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

To: FMK who wrote (1766)	12/17/1997 12:28:00 AM
From: barrcuda	Respond to of 27311

Actually, I'm not completly out yet. I sold the shares that I held because I was begining to not sleep at night worring about covering another margin call. I did however have enough left to buy those $1 june calls. I think if VLNC does not make some major headway by june then any shares that I still had would be just about as worthless as the calls. I'm still hoping and watching and have put what's left of my money where my mouth is.. DSW

To: FMK who wrote (1766)	12/17/1997 8:16:00 AM
From: Paul Dubsky	Read Replies (1) \| Respond to of 27311

Sorry to hear that, based on the number of shares you had! Like I said in an earlier post, I sold off my valued NI Microcap fund to be in a cash position in my account. Now, not even the evil MMs can get to me! I will not margin again until VLNC has some OEM announcements and the stock is heading into the teens! (I too learned a leasson on what almost happened, and having to take a loss on my NI mutual fund shares.) I'm more pissed off at myself for not having more money to buy at these levels! I could almost double my money from here by the time the price gets back to my average cost ($7.5). Oh well. Good luck to you, and remember the IRS 30 day wash rule. If you buy back before 30 days, you won't be able to write-off your tax losses. Paul (John, yes, there must have been a rush of margin calls at the end of the day cause this one dropped like a dead dog around 3:15pm. Goes from hanging in there around $4.75 and $5 to $4.25. I saw a lot of trades go by after hours at the bid, so the MMs must be calling everyone!) I thought that VLNC becomes unmarginable at $3.5, not $5 or under? Is it that everyone's total equity in their portfolio is falling below 50%? I know that a couple of my other small/micro cap holdings are also getting drilled! I never thought I could look forward to a new year like I do this year! To the safety equipment dude - any news on the "wet run" trial? To anyone, hear anything else on production for Q1? Good Luck..