VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: wm sharp who wrote (13948)	8/24/1999 8:43:00 PM
From: Zeev Hed	Read Replies (4) of 27311

William, when people ask for suggestions of stock that are "breaking down" I se no reasons why I should not tell them what I have observed. Why you call this "vulture activity" is beyond me. If they indeed sell short now, they'll have to cover later and that will provide support for the stock. The fact of the matter is simple, VLNC has broken down and thus, for those inclined to short, it is a good candidate, as long as those people put in a very close stop loss, for the reasons cited in the same post. You sound like those people at MVIS which were all over me when I stated on a thread that it is an excellent candidate for shorting at $28. They forgot that only two months before when the same MVIS was at $16, I said it is a pretty sure bet to go well above $24. Most people are not married to a stock or are "loyal" to a stock, most people try to find market inefficiencies that underprice or overprice stocks and act accordingly. After all, investors are trying to make money. It is immaterial if they sell before they buy or sell after they bought as long as the selling is at a higher price than the buying. Zeev

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