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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (15836)11/10/1999 1:02:00 AM
From: I. N. Vester  Read Replies (3) of 27311
 
Larry, the facts don't support your hypothesis.

First, the tape action especially the level II
action just doesn't show it.

Second, there has been very little spring in any
yo-yo. If CC had been playing the stock so
skillfully they would have given themselves much
more chance to sell at a higher price. Almost all
of the volume has been at less than 5 1/4 on the
up side. It just ain't happening the way you
speculate.

Third and most telling, CC capitulated
by converting almost 1/2 at 4.5.
If they had the choice they never would have done
that. The support at 4.5 is not illusory. CC is
supposed to be the illusionist, but if they are
I guess they fooled themselves.

No Larry, the game is almost over. All we need is
to hear the fat man singing. He will soon, because
his net worth will exceed $1B by a very large amount.

Thanks for playing Larry. Too bad you were not a
winner <VBG>.
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