VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Dennis V. who wrote (19957)	6/5/2000 8:45:00 PM
From: MGV	Read Replies (2) of 27311

Your problem is that 24 months later the arguments not only remain plausible and alive but increasingly appear again to be the best argument. In hindsight, the rise to $40 was founded on sentiment for a concept rather than sound fundamentals. The price was unsupported at $40, then $30, then $20. Now, as the Nasdaq rallies roughly 25% in under two weeks, VLNC is falling over the same time. A high beta stock is supposed to be rising in a rising general market at a magnitude greater than the overall market. VLNC, if there were no fundamental issues extant, should have risen by more than 30% with a beta of 1.25. Your response is predictable: market maker manipulation, a short conspiracy, internet message board "bashing." You frequently accuse those who raise issues as "lying." Then, when challenged to cite the alleged "lying," you fail to respond. Let me suggest that your statements belie legitimate worry. You should be worried. The combination of relative price weakness of the magnitude in this case with the lack of fundamental support provided by the company is worrisome. You no longer have general market weakness on which to retreat.

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