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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (19073)4/7/2000 11:39:00 PM
From: I. N. Vester  Read Replies (1) of 27311
 
Zeev: sorry but i really have to call you on your
"too many deep pockets would know about...including
CC".

CC shorted the SHIT out of this stock, selling 100's of
thousands of shares for $6/$5/ and less to make profit
of the difference between those prices and their conversion
price just south of $6.

This went on up to the week before the stock began to
climb, the company completed an institional pp for $32M
at 16 based on a look-behind 30 day average stock price,
and the stock climbed to $40.

CC knows their game which is short, short, short, manipulate
the price down. That is ALL they know. You know that Zeev,
how can you continue to make such truely stupid statements
about CC "would understand the fundamentals....would be
in a much better position to know if any P.O.'s were
imminent...etc...etc..etc". You of all people should
know that CC has only one game - short, short, short.

They got their pound of our flesh, took 20-30% short term
profit, when if they had simply waited a couple of months
and played the long side they could have made 600% profit.
And now you are using them as a reference point on
understanding the fundamentals of the company?
Surely this is deepest lunacy, Zeev. I expect much more
sense from you.

You really have done, as far as i can tell, no independent
investigation or fundamental analysis of this company
other than reading SEC filings. Since you refuse to
consider any forward looking statement from management,
I can easily understand why you fail to understand that
forward looking financial projections of the companies
stated business plan will generate substantial revenues
and profits to justify $50 even on a conservative
valuation, even discounting any value from lisencing.

btw you like RMBS - i seem to recall that they have zero
revenue from mfg. all their projected revenue is lisencing.
how is it that you fail to grasp how that business model
will work for vlnc, assuming that the batteries work as
well as they are claimed to? Or are you also insisting
that the company is all hype and the batteries are good
and/or the company can't make them? You obviously don't
have any sources among the many OEM's sampling these
batteries.

As far as your TA is concerned, I seriously doubt that you
have the slightest understanding of how to factor in the
major short attack such as we have had. Or maybe you deny
that it has taken place just as the multiple level II
watchers have been posting with such great detail.

I think the best model for understanding that effect on
the market price of this stock is to hold a full balloon
at the bottom of a bucket full of water. Then
take your hand away and see what happens.
That is EXACTLY what we saw when the last
major short attack was finally repulsed and is exactly
what i know will happen this time also.

btw where were all the "knowledgeble institutional
investors" when the stock was at $5?

In any event, it should not take very long for the stock
to once again prove just how far wrong you are, Zeev.
And I'm quite certain you will quickly abandon you valuation
theories once you see the stock start to move. Unlike
our poor friend Larry, you at least do know how to jump
on a moving train.
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