VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: P. Ramamoorthy who wrote (19517)	5/5/2000 11:17:00 AM
From: J. M. Burr	Read Replies (2) of 27311

The graph is nice, but the exclusion of number of trades (which permits average share per trade) is a significant yardstick that I use to determine VLNC movement. Also, the size of the trade allows me to determine how MMs are playing the game (e.g., 100 shares up an eighth or 100 shares down an eighth helps me predict what they are up to at any given moment). I believe that the most significant aspect of VLNC trading over the last two months has been the decline in volume and the reduction of the shares per trade. Simply put, there appears to be practically no institutional interest in VLNC at this time. The reason is obvious: the company is not interested in shareholder value. Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director. An earnings announcements IS an event and if the company has been forthright nothing in the quarterly announcements should cause outright consternation. Indeed, companies are not sued for being honest, they are sued for being stupid.

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