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

To: mooter775 who wrote (4313)	10/1/1998 11:57:00 AM
From: FMK	Read Replies (1) \| Respond to of 27311

Is purchasing Valence shares a gamble? I haven't played blackjack for a long time but I remember practicing basic strategy to maximize my long term chances to about 49.8% of making money. As I posted recently, a well-informed investment pro recently told me he estimates Valence's chance of failure at less than 0.1% and I am keeping my own estimate at 0.2%. This would make the estimated chances of success about 99.8%. I thought about going to the casino, but why settle for less than 50% odds when over 99% is available with a favorite stock! I wonder what prompted Alan Shugart to make his first open market purchase ever of Valence stock and conservative Dave Archibald to purchase thousands of shares on the open market before he resigned? I am reminded of the old axiom that "there are many reasons why insders sell, but only one reason why insiders buy."