VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (15833)	11/9/1999 11:49:00 PM
From: I. N. Vester	Read Replies (2) of 27311

Zeev, I can well understand why you are too scared to jump in since you do not have any insight into the actual state of the vlnc product! as for your theories on who is manipulating you have not been looking very closely. We have been watching level II every day and seeing gross manipulation to force the price down. The rises have not provided the volumes to dump the large number of shares created by the financing. Your theories do not hold up on any close scrutiny of the tape, even without level II. btw, more than one investor has been involved in the monthly financings. Unless Warbucks is buying shares off CC and friends at the lows, again my question, who is absorbing all the shares and keeping the price so high above book? If vlnc did not have the goods, you would not be the only one too afraid to buy at these levels and the price would have gone down to $3 as you predicted. But that has not happened, has it? Of course your handy answer is "everything that happens to the stock price is due to and for the benefit of the financers. they have complete control". that is your religion and no sense arguing religion, is there?

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