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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: GraceZ who wrote (25916)2/22/2003 3:49:21 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
Wolanchuk's claim was far more precise than the Red Sox would win the World Series. That would be the equivalent of him saying he knew that VLNC batteries would sell well. His claim was that he KNEW that a Valence battery would be in Motorola's next generation cell phone. Not just in any cell phone. Not just in a Motorola cell phone. But in Motorola's next generation cell phone. That would be the equivalent of him saying that he KNEW that the Red Sox would beat the Yankees on an error by Derek Jeter in the 9th inning of the 7th game.

If Wolanchuk made such a claim, there would be two possibilities. (1) He knew in advance that the game was fixed. (2) He was lying.

Furthermore, Wolanchuk is not the equivalent of any common baseball fan. Wolanchuk was a professional "market timer" and stock tout, who sold his advice to investors. One who many times suggested he had inside knowledge of VLNC activities, and once even touted the stock during a VLNC conference call. So actually, using your analogy, his claim would be the equivalent of a sportswriter for the New York Yankees, who has daily access to the team, claiming he KNEW that Boston would beat the Yankees in the World Series on a 9th inning error by Derek Jeter in the 7th game.
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