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

To: Larry Brubaker who wrote (14133)	9/1/1999 10:23:00 PM
From: Zeev Hed	Respond to of 27311

Larry, if I remember correctly, CC cannot sell more than 15% of the average trailing trading or 30,000 shares per day, so an accelerated decline will leave them partially "unhedged, a slow decline a la Chinese torture will let them lay their bet more fully. Of course, that is assuming that there are no exogenous conditions. The general daily fluctuation will also be moderated by the market in general, last week with a week market we got a relatively more pronounced decline, and today with an up market we just stayed even. Zeev

To: Larry Brubaker who wrote (14133)	9/1/1999 10:33:00 PM
From: golden_tee	Read Replies (1) \| Respond to of 27311

<<Or, it could also simply be a pause in the downward trend.>> We know you hope that this is the case, and certainly desire to scare others with this statement hoping to flush out a few more shares. I should point out that anyone who takes the word of Zeev or Larry is feeding the very shorts driving this stock down. Certainly the 2 of you are of such high ethical makeup you'd tell us if you were? Even if you guys were nailed to the wall by VLNC short posts on another thread. No we haven't forgotten. <<It is in Castle Creek's interest (assuming they are shorting) to bring the stock down in a slow, orderly fashion.>> All sources say that they are not currently shorting, and have not shorted during this entire decline. I've gotten this from another source, and apparently FRB is also saying as much. <<If the stock drops too quickly and they keep shorting at this new low price, they would be shorting at a price considerably below the current conversion price. Incurring more risk than if the price (and their conversion price) drops in a slow, orderly manner.>> Whatever argument you are trying to make here, it eludes me. How does slowing down the shorting to allow the price to base, and thereby bring in more buyers, help them to get the price lower? The objective would be to tank it as fast as possible and get longs to join in the selling due to panic and margin calls. We have seen this. Now, every share sold will be theirs (yours?) and theirs alone. Without actual longs selling, they will not get their short dollars worth. But you knew that, that is why you two are here talking about the fabled "next leg down" hoping to get a long or two to sell now. Give it up. If there is a long left to scare on this board, I'd be very surprised.