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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (13382)	7/24/1999 11:56:00 AM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

OT re: SCUR. Larry, the evidence you quote is distorted. The price peaked at $29, then it dropped to $24 on a news event (downgrade), then slid by one-half (not one-third, as you dramatically tried to claim) to $12 as people bailed out (short interest did not increase, so it was not CC shorting), and another news event cut it from $12 to $4. Insiders had bailed right at the $13 price. Review the sequence of downgrades, and see how the stock price reacted: biz.yahoo.com Your fiction that CC caused the drop is just that. Looks like the street didn't like what was happening to their revenue stream. The brokerages that all came in with downgrades on April 1 had certainly taken their clients out of the stock prior to their pronouncements, and that was probably what was happening that spring. Give it a rest already. 'floorless bandits' ... LOL! Tell your friends to cover their shorts, this stock isn't going to dilute. That's my OPINION, the opposite of your OPINION. Now let's just see what happens during August, eh?

To: Larry Brubaker who wrote (13382)	7/24/1999 12:01:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Whew!! A brief pop in to say hello, and I ain't even gonna try to read through all the past postings, although it's clear the floor-less convertible "thang" is the proverbial old bone no one can resist chewing on. Here's what I think of it. Yes, it can be considered a loaded gun to be used in the appropriate Wall Street "eat your young" fashion. Any number of examples of this can be pointed to as proof of this activity. But is it an "ipso facto"(is that the correct terminology?) idea? Larry & Zeev make a good argument for it, in their impressively tireless fashion(we all get it already guys so why the endless carping?). But is it an inevitability? Of course not, it's but one of any number of mechanisms professionals can use to insure whatever intrinsic return they have as a goal. To use but one example of where a floor-less was agreed to without ultimate detriment to the company, see ANCR. So it ain't an inevitability. However, I will submit this idea to the thread. What very well MIGHT be an inevitability is that the greater community, who uses the time-honored mechanism of shorting to gain their profit, is very well aware of the detrimental aspects of the floor-less. As such it's logical to assume they would gather 'round said companies using this mechanism and conduct their own little "self fulfilling prophecy". In other words, once the mechanism kicks in, the shorting by those knowledgeable of the process but not directly tied to either entity employing the mechanism, begins. And then at some point the originating entity most likely is "forced" to join the fray. As a certain threadster has noted, it's like "shooting fish in a barrel". Just some thoughts. Oh...by the way....one day upswings do not a trend make, but I still adhere to my range-bound hypothesis. On another note, for god's sake folks, turn the PC off and go outside and play. Too much staring at the 'ol PC screen can turn you into an information drone. ;-) Ohhh.. and about those OEM p.o.'s.... John~