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


To: Zeev Hed who wrote (6411)12/29/1998 9:41:00 PM
From: Bruce A. Thompson  Read Replies (3) | Respond to of 27311
 
Zeev,

After listening to you trash CTYS over the Floorless, I stayed in and lost over half of my '97 SEP deposits. I watched the stock do exactly what you predicted every time. I listened to the IEI on the threads and continued to average down to prove you wrong and watched an entire year get added to my ultimate retirement date. I had so much of that stock that if it had ever got back to $5, I could have bought SargeK a boat just for ringing the bell as hard as he did.

I learned two things.

1) When you find Floorless in the Free Edgar, run like hell and don't look back unless you care about some of the other investors and then try to warn or even teach them if you can.

2) Zeev, you can and will occaisonally be wrong. Yes, it is possible. (Not probable, mind you, but possible)<VBG> The times you are wrong are so few, though, that missing a deal now and then is worth it for the many good calls you make and good advice you give. Maybe that is the reason you are the #1 Most Bookmarked Member on SI.

Right now, I am wondering (with the floorless in place) why you are even considering putting your SEP money in this stock. June is comming. Nothing I have read here tells me how they are going to get the FA to justify a stock price high enough to stop the death spiral. The only other person I have ever heard of with steel balls was Superman. Are you that good?

Happy New Year

Bruce