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

To: kolo55 who wrote (14993)	10/4/1999 5:48:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

Now klemencic is becoming sloppy. To be specific where klemencic is vague - the stocks in question are Checkfree, Flextronics, Celestica, and Jabil. CLS and FLEX: Regarding Celestica and Flextronics, klemencic advocated a trade shorting CLS and simultaneously going long FLEX. For the record, at the time I was long both CLS and FLEX. He had to reverse his position in 3 trading days to avoid being clocked. JBL: At around the same time (within a couple of weeks), he said that JBL at 50ish was preferable to CLS. At the time, I did not own JBL. CLS outperformed JBL by a substantial margin. I subsequently bought JBL and sold part of the position in CLS in August when JBL was 38 and CLS was 45+. CKFR: He criticized being long CKFR in August-Sept. of 1998 when it was priced at approx. $15, down from $25. Today it closed at 41 7/8. I guess his story is when you can't beat him, fabricate. Why do I take the time to respond? Well because I loathe low character, particularly when I see it in old age. "I have reviewed his knowledge on stocks we both liked, and found his research and experience to be quite limited."

To: kolo55 who wrote (14993)	10/4/1999 11:43:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<I believe we have seen the low for this sell-off. I don't know how high we will go, before enough sellers show up to sell with CC. My guess, is we are headed to above 5 1/2 by the end of the week.>> Paul, I see you are hedging your bets this time. While several on this thread hailed your brilliance for calling the turning point on the last down turn, nobody bothered to mention that you completely missed the turning point at the top:-) Regardless of whether it hits $5.50 this week or not, I still doubt that the low is in. I seriously doubt whether Castle Creek would have only converted 40% of their shares at $4.60 if they weren't pretty certain they could get a better price than that for the other 60%. Now maybe the VLNC bulls are right and Castle Creek misjudged the supposed determination of the deep pockets supporting the stock. But I'm not willing to bet on it.