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

To: FMK who wrote (3266)	7/4/1998 12:22:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

Fred, you exclaim: "To share the advantage of lower prices caused by someone yelling "fire" its time (again) to buy more VLNC." What you are suggesting (badly) is that factual posts (or any, for that matter) that question and debate a company with almost 24 million shares issued, are enough to drive its share price lower. Is that really what you want to imply? That it is merely one or two people saying that the emperor has no clothes who are responsible for VLNC's 20% decline in share price since the annual report and CEO conference call took place a few days ago? Neither institutions nor deep pocketed competitors - who for a market cap of $115 Million could buy VLNC outright if they knew what you profess that you know - have been net buyers of VLNC since it most recently raised its head. FMK writes: "Borrowing money for a business venture does not mean they are about to fail any more than I would consider anyone a loser who borrows money for his home rather than pay with cash up front." This is utterly inapposite - both homeowners and businesses use leverage prudently, there is nothing wrong with borrowing, there is everything wrong with running a business with more current liabilities than cash or other short term assets. You have to ask yourself why VLNC would be in such a situation. Moreover, what kind of terms does a homeowner or business get when they have more debts than assets when they apply for a loan? Regarding Wolanchuck, "attack" is your word, "holding accountable" are mine. He has been consistently wrong about VLNC. The consequence is losses and high opportunity costs for those who have relied on his advice, as for those who have relied on yours Fred, with respect to VLNC.