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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (7160)1/17/1999 3:15:00 PM
From: kolo55  Read Replies (2) of 27311
 
I did go back and check.

Yoest wrote: You showed up when MIKL was about where is is (sic) today and VLNC was below $5.

You wrote: your incapacity to grasp facts explains plenty yeasty, go back and check: you'll find VLNC was 6 1/4,...

On June 29, the day before your original posts on this thread, the stock hit an intraday high of 6 1/4 before closing at 5.75.

That evening you hit the web with multiple posts, posting from the SEC filing.

In the next day, you sold your shares (according to posts later on this thread). The stock opened sharply lower and sold off rapidly to its intraday low of 4 5/8. After the conference call, late morning (ET), the stock recovered to its intraday high of 5.75, before closing at 5.6875.

There was no way you could have sold at 6 1/4, and its quite likely you sold your shares at around 5.00 a share.

No one could have sold at 6 1/4 in the weeks after your bearish posts. In fact, if they had sold the morning of the next day, they likely sold at 5 or less.

Yoest's post is more truthful then yours. Although I can't say your statement is an outright lie, its certainly mis-representative and mis-leading.

For calendar year 1998, VLNC outperformed all the major indexes, including the S&P500 and the NASDAQ composite, and quashed the Russell 2000 by about 40 percentage points. Stockholders who began accumulating in July through September, the months of your negative posts on this thread, did even better,

When you're this arrogant when you've been wrong, I hate to see you when you've been right.

Paul
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