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


To: Larry Brubaker who wrote (10979)5/2/1999 1:54:00 PM
From: Mark Johnson  Read Replies (1) | Respond to of 27311
 
Larry: Be forthright instead of two-faced. What are you alluding to?



To: Larry Brubaker who wrote (10979)5/2/1999 2:46:00 PM
From: Larry Brubaker  Read Replies (3) | Respond to of 27311
 
Time Value of Money

Forgot about the time value of money when I compared Lev's reinvestment of $348,000 in 1998 with his $34 million+ of profits in 1992-1994.

Assuming Lev took $34 million in 1994 and invested it at 7% interest, he would have had over $44 million by the end of 1998.

The $348,000 reinvestment in VLNC in 1998 would amount to less than two months of interest on this $44 million.

Therefore, if one were to emmulate the amount of risk that Lev is taking on his VLNC investment, one would risk about 1 to 2 months of the interest accrued on their personal savings.