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

To: robert freda who wrote (3289)	7/8/1998 3:14:00 PM
From: John Curtis	Respond to of 27311

Robert: Buying calls? lol! Nope. And from what I've seen experienced by those that have, in times past, exercised THAT particular gambit.....well......bloody, messy and downright awful has been the outcome? Or at least there's not been a lot of enthusiasm express here over them, outcome wise. Bottom line? After FOUR consecutive round-trip rides(not that I haven't made some coin on 'em), my recommendation is stay EXACTLY where you are until such time one of two things occur. Either p.o.'s are announced, OR non-usury financial terms are announced, or BOTH. There will be lot'sa time to join the party at that point. For the rest of us with a cost basis where I think it probably is, stand pat and await the outcome. The rest of this summer is VLNC's time to put up or shut up. To springboard off of Mark's prior posts, that negative financial situation should be forcing something soon. John~