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

To: Larry Brubaker who wrote (15021)	10/5/1999
From: golden_tee	Read Replies (1) \| Respond to of 27311

Yes Larry / Noway, but your opinion is virtually worthless on this board, so why don't you take it elsewhere?

To: Larry Brubaker who wrote (15021)	10/5/1999 12:05:00 AM
From: wm sharp	Respond to of 27311

If anyone is "hedging bets" it's YOU with the wording of that last post. Are you sure VLNC hasn't begun "clearing out overhead in the 5 to 5.5 range?" Message 6146507 From the tone of this post, you clearly value the Wolanchuk picks, yet some knucklehead by the name of nowaynohow is grousing about Wolanchuk over on the Yahoo VLNC thread. Please set him straight, Larry.

To: Larry Brubaker who wrote (15021)	10/5/1999 12:13:00 AM
From: kolo55	Read Replies (1) \| Respond to of 27311

Larry, you made a few mistakes in your post. You wrote: "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%." Castle Creek converted the first 3000 preferred shares at an average price of about $4.47 per share, not $4.60. The current conversion price is around $4.83. They have a lot of selling to get the price turned around... to make it worthwhile with only 60% of the preferred left, they must get it down below 4... ain't gonna happen Larry. You are correct that I missed CC's big selling spree after the last conversion. This selling spree makes no sense to me at all. Why use cheap shares to drive the price down, just to convert at a higher price than the last conversion? Why didn't they convert them all last time? I can't predict seemingly irrational behavior. My only way to explain this behavior is to guess that CC has some restriction about how many shares they can hold long and unhedged. I can't believe they misjudged the longs resolve again, especially after the last failed death spiral attempt. I would guess that the stock will quickly rebound to above 7, if it weren't possible that CC will again sell their newly converted shares into any rally. They may be stupid enough to do this again. You also wrote: "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." CC and the selling coalition misjudged the determination of the bulls completely. And you didn't bet on it. But I did <ggg>. Jump in Larry, the water's just fine. Paul