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

To: kolo55 who wrote (3893)	8/22/1998 5:48:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

You failed to report all possible alternatives. One other is that I genuinely believe that it could fall to lower levels than current ones. Clearly, despite your propensity to point fingers with claims of what others allegedly don't know, you seriously misunderstood the risks of the stock price at 6 and at 5. I'll repeat: My posts or DKR's post are neither the product of being uninformed nor being dishonest. Let me suggest that it is a combination of common sense, plain vanilla fundamental analysis, and logic. Moreover, it is very possible that the effect of margin on the stock price is not significant, in spite of what you suggest. It traded as low as 2 or less before; if there is not a material contract very soon, it could easily trade at 2 or lower again. Among other manifest weaknesses you have exhibited, you have been guilty of extreme myopia in this margin analysis and in your investment analysis paul. The gentleman who made the hard decision to sell his position recently has my respect. Denial and other emotional effects are the more ordinary investor mistakes. FWIW, if he chose to do so, he could have bought it back for less than the price at which he sold. He also could choose to buy calls at a significantly lower cost and with significantly lower risk. You do not know his circumstance. As to your propensity for mischaracterization and exaggeration, for the reasons I stated in earlier posts, the purchase of the options is hardly representative of a bullish position. It is as close as I have ever come to buying a lottery ticket. Finally, your losses merely telegraph your state. They are of no concern of mine.