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

To: lws who wrote (9344)	3/14/1999 8:42:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27311

<<I have to think there is more to your analysis than the meager bits and pieces you've revealed in your posts so far>> You would be absolutely correct on that point. <<I'd still love to know how you get the $1 if the whole thing's a fraud, though. Shouldn't it be $0?)>> There's always some value there...cash in the bank, or other assets that can be liquidated. Sometimes company in the worst financial shape imaginable can have stocks that are artificially inflated on gullible investros hopes for a long time. Check out ABTE as a perfect example (disclaimer, I shorted ABTE at 10).

To: lws who wrote (9344)	3/17/1999 8:59:00 PM
From: MGV	Read Replies (3) \| Respond to of 27311

VLNC is up all of 9% from June 29, 1998 through today. In spite of all of the rosy projections and predictions of contracts by August 1998 and every month thereafter by mooter and fred and those more timid in making independent judgements, it bears pointing out that the best source - in hindsight as well as today - of information for forecasting VLNC's prospects is the SEC-mandated shareholder reports. Anyone reading the reports from June 29 through today would not have tied up cash at a significant risk (market and company specific, given VLNC's financial condition throughout the period and its poor design and operations track record) for a sharply underperforming 9%. This is one example of a case where the shareholder reports could have and should have made a difference in investment decisions. The persistent reliance on internet-disseminated statements by unauthorized and unconnected people who have been consistently wrong (do a search of mooter and kellet's statements over the past months and judge for yourself) is surprising. PT Barnum said it first. He could have been speaking about VLNC investors.