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

To: John Curtis who wrote (2298)	2/22/1998 11:57:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

<<My buy range is from $$4.5 to $5.20. I think the downside risk is minimal from there.>> John: There is a very real possibility of a substantial downside, even at that level. Don't forget this is a company with no earnings, which is also running out of money. This is a company which has also promised and not delivered results for some time. Lev spoke about trying to arrange debt financing during the CC. Should they not be able to obtain debt financing, and should they not be able start putting a product out the door in the next several months, I could foresee a substantial downside, even from the $4.50 level. That's the thing about stocks with such a high appreciation potential. They also tend to be quite risky on the downside as well. The two tend to go hand in hand.

To: John Curtis who wrote (2298)	2/22/1998 1:46:00 PM
From: Mark Johnson	Read Replies (2) \| Respond to of 27311

John & Larry, I agree it would be nice to see a drop to the high 4's toacquire some more stock but I find that highly unlikely. I know of atleast 6 shareholders, including myself that sold from 50% to 100% of their positions as the result of the conference call. From reading this and the AOL thread, It looks like there are many more, and I have a feeling that both of you are included in that group. I agree with FMK that once again the stock was oversold. My timing wasn't good enough to get back in in the high 4's but fortunately, I have bought back most of my position in the low 5's. There does not seem to be a question anymore as to whether they can build the battery or they wouldn't have announced production schedules via the newswires. The company has not seemed concerned about running out of cash and neither am I. Didn't the company recently just take in about $4.5 million from Carl Berg and probably another $800,000 from Cal Reed from exercise of their options? Then there is about $45 million, last I heard, of capital equipment to borrow against. Robert Cohen just posted some proof that the insiders who registered have finished their selling Here's an excerpt from post # 2057 dated Feb 7 regarding Cal's selling. <<https://www.siliconinvestor.com/readmsg.aspx?msgid=3369551>> <<Does the odd lot of 38,500 mark the end of Cal's registrations? I was told today with certainty that this is the end of it, and that we should look for an upturn, as much as $1 per day to the $5's and $6's starting early next week when the last of it is sold.>> I think FMK called it right that time. I think we are headed back for the mid 6's or into the 7's just to retrace the effects of the failed Sony deal, Cal's resignation and all his registrations to sell that depressed the market week after week. Here's another post that I like. <<https://www.siliconinvestor.com/readmsg.aspx?msgid=3458777>>