VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: I. N. Vester who wrote (14848)	9/27/1999 12:49:00 AM
From: MGV	Read Replies (1) of 27311

klemencic is notorious for focussing on anal-retentive details to the sacrifice of perspective on the complete picture. He frequently misses the most important points. Consequently, his analysis contains significant flaws. Flaws that lose money. He has been wrong on VLNC consistently. He has been a myopic bull on it since at least June 1998. In that time it has lost substantial value even as the market indices have appreciated substantially. His analysis, if followed, lost money. His latest claim: that he was right about CC converting is pathetic. His claim was that CC would convert and hold shares because it would determine that VLNC's prospects were good and a long position prudent. Of course, it did not. It continues to hold its option in addition to the shares it - according to klemencic as he now mirrors others earlier statements - exercised to close out its shorts. But it is not only VLNC in which klemencic has been wrong in the time I have been here. He was wrong on CKFR and he was wrong on a proposed short of Celestica, a contract manufacturer. Both calls lost money. His credibility, based on the record of his statements, is suspect, at best.

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