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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (15153)10/9/1999 12:04:00 AM
From: John Curtis  Read Replies (1) of 27311
 
Pallisard & I.N.: How am I determining time-frames? Reeeal simple. My gut. Face it. Insiders bought in July. Has anything happened? No. Insiders bought in August. Has anything happened? No. Insiders have now bought in September. Will anything happen soon? The answer is most probably no(this despite what the underground would have you believe). As my conversations with the SEC have determined, there is no proscribed time-frame insiders must adhere to in order to insure their transactions aren't deemed suspicious by the SEC sweeps that're done after a material announcement.

Still, it's safe to assume any insiders, and company management, will work to insure SEC sweeps have no cause to infer that management did something based on prior knowledge. My gut says a month is enough of a safety margin. So basically insider buying is a net-net positive that cannot be denied, although I'm loathed to consider VLNC anything other than an extreme speculative buy at this point.

Still, I'll admit....I could be wrong. But so far...I'm haven't been, eh? Bottom Line? I'm still waiting for Lev Dawson and the rest of the current VLNC management to differentiate themselves from the management team that preceded them, that is Cal Reed and crew. Because from a general market perception standpoint....Lev Dawson has yet to remove himself from Cal Reed's shadow of non-performance in a manner that the market deems worthy.

And speaking of performance....about those OEM p.o.'s.....

John~
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