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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Trader Ric who wrote (19879)5/25/2000 8:53:00 PM
From: MGV  Read Replies (1) of 27311
 
Consider the possibility that there is no short conspiracy. When VLNC goes down it is not the result of manipulation but rather of valuation. For a trader, you were doing so well. Your common sense ran out of fuel at the end of your post.

Do you get paid to post? Do you think Fred Kellett was paid to post the hyperbolic stories about VLNC sales? Kellett's fault most likely was blind greed. Based on what he says, he likely did think he could influence the price by stretching his perception of what he thought could happen.

If you agree that he was not paid to post, then it should not be difficult to understand that people who question the valuation and management track record of this company are posting for the same reasons you post and not for pay.

If the reason you post is not to have an effect on the stock price but rather to air your thoughts about the company and the market, then you understand why I post. I don't post to influence the stock price.

In fact, I think that anyone who is posting to influence the stock price is naive at best and more likely deluded about equity markets.

What you wrote about debt and investor behavior in the present environment is reasonable.

Until, the Nasdaq falls to a new low or tests the latest intraday low on heavy volume, rallies will be limited, even when they are on heavy volume, such as the one yesterday afternoon. When the heavy volume lows of April and early May were breached this weak on light volume, it likely meant the market will need more time and the bear market will draw more pain with sub-3000 Nasdaq levels before the market can resume a bullish track.
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