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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Eli74 who wrote (13465)7/31/1999 1:05:00 AM
From: Larry Brubaker  Read Replies (2) of 27311
 
Eli, no I don't think Daddy Warbucks is stupid. I'm sure he has every expectation of selling his shares at a nice profit. It is for this very reason that I suggested purchasing shares in the low $6s would be a good trading opportunity.

However, the fact that Mr. Warbucks is reasonably certain he will profit by buying $3 million worth of shares below $6 does not all of the sudden make this stock a sure bet as a long-term investment. It does suggest there will be a move upwards from here.

Finally, add said his program found no changes in today's filing other than the purchase price of the new shares. I found at least 8 changes in two paragraphs alone, compared to the previous 424B5 from 1 month ago. Paragraphs which detail the state of their manufacturing capability. The fact that a minimum of 8 changes were made to two paragraphs of the filing tells me that these filings have been updated to reflect the current manufacturing status.

Reading these documents side by side is a worthwhile exercise. I highly recommend it.
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