Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Larry Brubaker who wrote (15036)	10/5/1999 2:42:00 AM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

No, the point there larry is that whoever was selling boxed shares was simply lowering the profit from their original short. Say they'd shorted at $8, covered at $6, then sold again at $5. The effect is the same as if they'd shorted at $7. Frankly, for this stock, especially at this point in time, shorting isn't so smart. Go figure. There will be winners, and there will be losers. I believe Valence will be the winner, and CC will have walked away from a golden opportunity to make money on the long side, because they are myopically following a nickel-and-dime hedge fund strategy. No, I don't see any reason to revere their investing acumen...