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


To: kolo55 who wrote (14891)9/28/1999 11:40:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 27311
 
Paul, its not hard to be a "Superman Trader" when you can overwhelm the volume of the other traders.

Based on your careful scrutiny of all the trading on Level II, you predicted a 500,000 share increase in the short position. You thought whomever was shorting expended a great deal of ammo to bring the price down. In fact, the short position barely increased. Yet again, you have proven to be wrong.

The Superman Traders are in total control, IMO. Again, not hard to do when you can overwhelm the volume at the tops and bottoms. IMO, they have been in total control since last winter. John Curtis was smart enough to recognize this (or at least recognize the pattern) and trade with them during this period.

IMO, your theories change so much because you are struggling to find one that avoids the obvious. Castle Creek and/or Daddy Warbucks are in control of the stock and are making a nice profit. The rest of us can merely try to trade with them until/unless VLNC finally ends the game by eliminating their requirement to continually go to the sharks for money.