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

To: Rich Wolf who wrote (14090)	9/1/1999 2:24:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<I've also been considering how the short position grew steadily this spring, while the stock exhibited a classic 'rolling stock' trading pattern. Castle Creek could very well have shorted every rally above $7.5 and covered every time the stock dipped to $6...>> Rich, it seems you are also coming to acknowledge what some of us (Zeev and myself) were suggesting all along. Your theory that Castle Creek was responsible for the "rolling stock" trading pattern of this spring and summer is exactly what Zeev and I suggested was hapenning months ago. Now a new theory (see my previous post) is somebody (Castle Creek?) is methodically "rolling" the stock lower. If so, they are doing it quite successfully, and with nowhere near the net increase in the short position that Paul posits. Since you are now coming around to buying the theory about what was going on during the spring and summer, I assume you will at least acknowledge my theory about what is currently going on is at least a possibility?