You wanted a response. Not that you're entitled to one, but Robert said it best:
Talk about consistency:
To: allen menglin chen who wrote (5134)
From: Bill Wexler
Monday, November 29, 1999 8:34 PM ET
Reply # of 5475
The Valence (VLNC) stock fraud will eventually, and inevitably, trade at zero. Don't let short
term runups and hype from crooked touts like Don
Wolanchuck mislead you.
To: Michael Gat who wrote (5205)
From: Bill Wexler
Friday, December 3, 1999 5:31 AM ET
Reply # of 5475
The VLNC stock fraud.
My initial short recommendation was between 7 and 8 a share. I shorted frequently until the
stock hit 4 and change and bounced where I
recommended covering a least a portion of existing short positions.
I recommended reshorting when the stock traded above 7 1/2 at any price over that limit.
We'll see how the stock trades over the next few months. At this point, I find it hard to believe
that management has suddenly found an ethics
handbook...so I'm going to snoop around a little and see what I can dig up about these "P.O."'s
If the stock gets pumped further, it may be wise to
place stops in the low teens (it can always be reshorted later).
Unfortunately, VLNC is not as clearcut as GUMM. In GUMM's case there is zero doubt that
the stock promotion fraud revolves around a
pseudoscientific fraud (i.e. homeopathic "cold cure"). VLNC has now introduced a new element
of risk. Eventually we'll find out if it is real or not.
o: Bill Wexler who wrote (5426)
From: Bill Wexler
Friday, December 10, 1999 9:38 AM ET
Reply # of 5475
The VLNC stock fraud...RESHORTING 17 1/2 and over.
You like name-calling, child? How about back-pedaling hypocrite. |
