VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (15529)	10/29/1999 10:48:00 AM
From: Rich Wolf	Read Replies (1) of 27311

Larry, I agree with Paul's scenario rather than yours. You keep talking about Castle Creek having magically covered down here... Yet the tale of the tape indicates that they ('Castle Creek and friends,' as you called them) were the heavy sellers. Who do you think they would be buying from? The shorts are the ones selling down here. No, the game is over. Castle Creek is about done pre-selling their series B, and as soon as the conversion price begins to rise they will want to convert. Any naked short is going to get crushed when POs are announced. Indications are that the product is ready (and has been 'accepted' by various customers), the factory is ready to do volume production, and the company is deep in negotiations with a number of customers. Longs can be patient to hear about this... if not by the call, certainly by the end of the year. IMHO.

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