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

To: Rich Wolf who wrote (15039)	10/5/1999 3:09:00 AM
From: Larry Brubaker	Respond to of 27311

OK Rich, you've convinced me. Castle Creek gave up $2.25 per share of profit by buying shares at $6.5 and selling them at $4.25. They've barely made any profit on their investment at all and the unidentified deep pockets have pretty much defeated them. And you know all this from watching which market makers are buying and selling on Level II. Does that about sum it up? Should I mortgage my house to buy VLNC shares? However, your theory still doesn't answer the question of why Castle Creek didn't just convert the whole bunch at $4.47? If they were running scared as you say, they would have certainly converted it all when they had the chance. Wouldn't they? Oh thats right I forgot. These are the stupid shorts we are dealing with.