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

To: Pallisard who wrote (6666)	1/3/1999 10:48:00 PM
From: MGV	Respond to of 27311

pallisard, you have said that you read the MIKL thread on Yahoo. Go back and read it again. Keep reading it until you understand how others grow wealth in the market. Try to do the math sport. It was at 10 in 3/97. It is 30 now. It is a 3-bagger in 22 months. But that isnt the whole story. While you were convulsing and foaming with your margin calls on VLNC, there were opportunities to buy MIKL at 22 and even lower. Why buy it then? Well sport because, given its continued strong revenue growth throughout the past year, its relative valuation was getting increasingly more attractive throughout the year as the market shunned small caps with reliable and growing earnings streams. So what was the cost of not taking the 3bagger earlier in '98 and paying significant taxes on it? Not much but the benefit was not losing sleep when it fell because of its sustained fundamental record and also being able to buy more. You know what else is clear with you? You're much too emotional to think clearly.