VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (12917)	7/8/1999 8:39:00 AM
From: Eli74	Read Replies (1) of 27311

Larry, I would have to disagree with your statement that much of the selling we've seen in the past week has been the "mystery investor" selling to make a quick flip on the stock he purchased. While I can't be certain, obviously, it seems to me that someone who would invest $3,000,000 into a company as speculative as this would have more on his mind than a quick flop for a 1/2 point profit. Maybe I'm wrong, but in the normal course of events you don't (if you're intelligent) buy a large position in a small stock with a small float if you're just looking for the quick flip. So I doubt it was Mr. Mysterio taking his half point off the table and running. Doesn't make sense.

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