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

To: MGV who wrote (3351)	7/13/1998 10:24:00 PM
From: Peter O.	1 Recommendation Read Replies (5) \| Respond to of 27311

I have been lurking here and on the Yahoo thread for several months and have taken a long position in VLNC and have been trying to decide what is fact and what is fiction. I support Mr. Visnic's contributions here and encourage more like him to join. If this company is legitimate and pulls off production, negative comments will not have an appreciable effect on stock price. On the other hand, if it eventually caves, information about the "potential dark side" may save many longtime or new investors (err...speculators) further losses. The issues Mr. V raises particularly with respect to the veracity and track record of Mr. Dawson are certainly suspect. Although I did not listen, summaries of the conference call of January stated that Lev promised to improve communications with the shareholders, ... yet all I have seen is two quarterly conference calls ... this certainly IS NOT an improvement of communications! The real concern for me is the recent 10K which has been pointed out by Mr. V. to be a real sign of trouble and by the "cheerleaders" to be nothing more than legal mumbo-jumbo and nothing to worry about. The truth lies somewhere in between. I can only tell you that last summer I invested in a company with a very promising patent on a rugged flat-panel display with lots of commercial promise who was rapidly burning cash trying to get it manufactured before the "big boys" (Sony, others) could deliver alternative products. Company is called Telegen (TLGN). Well, I got in at about 2 1/2 ... then the Aug 97 10Q or 10K came out with some warnings. Management changes came. Then the Nov 97 10Q came out: sec.yahoo.com Review this report, it sounds a lot like the recent VLNC report, "no guarantee of funding", "Competetive market", no gaurantee of ever developing the product, etc. WELL, I bailed out at about 1 1/2 and glad I did. TLGN now trades at 0.27 and has been as low as 0.22. quote.yahoo.com I give this as only an isolated example of how I interpreted a quarterly report and fortunately benefitted from a contrarian viewpoint. I am hopeful that VLNC is not sending us a big red flag. A final note: I am learning the hard way over the past couple years that it is extremely hard to let go of a stock in which you are showing a paper loss. It is so easy to continue to ride it down, all along becoming more bitter and more attached. Apparently, it is a known fact of the psychology of investing that the intensity and depth of dissatisfaction of losing money is a much stronger feeling than the joy derived from winning an equal amount of money. These feelings certainly contribute to the resentment towards those with contrarian viewpoints such as Mr. V. The give and take is healthy. Let's not get into personal attacks here on SI. I continue to hold and to optimistically and hopefully wait for VLNC to become another DELL!!!!! Just some food for thought Peter