VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (14993)	10/4/1999 11:43:00 PM
From: Larry Brubaker	Read Replies (3) of 27311

<<I believe we have seen the low for this sell-off. I don't know how high we will go, before enough sellers show up to sell with CC. My guess, is we are headed to above 5 1/2 by the end of the week.>> Paul, I see you are hedging your bets this time. While several on this thread hailed your brilliance for calling the turning point on the last down turn, nobody bothered to mention that you completely missed the turning point at the top:-) Regardless of whether it hits $5.50 this week or not, I still doubt that the low is in. I seriously doubt whether Castle Creek would have only converted 40% of their shares at $4.60 if they weren't pretty certain they could get a better price than that for the other 60%. Now maybe the VLNC bulls are right and Castle Creek misjudged the supposed determination of the deep pockets supporting the stock. But I'm not willing to bet on it.

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