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


To: Larry Brubaker who wrote (15062)10/5/1999 4:06:00 PM
From: Rich Wolf  Read Replies (1) | Respond to of 27311
 
Larry, if you've been watching you've seen HRZG buying in 5k blocks at the bid, for a couple of weeks now. When the shorts sell to him, he just keeps reloading... and reloading... and reloading...

This is not some 'small retail client,' but has the earmarks of a larger investor. So reassess your interpretation.

If you talk to any of the shorts, tell them they are really wasting their time, selling so fanatically. They swapped shares with CC today (maybe just phony 'hot potato' trades), and waited at $5 to begin their push with half an hour to go. What did it get them? Nada. It ain't paying off now, it ain't gonna pay off tomorrow or the next day.



To: Larry Brubaker who wrote (15062)10/5/1999 4:48:00 PM
From: kolo55  Read Replies (3) | Respond to of 27311
 
Larry, you must be watching a different tape then me.

If you watched the tape the last 40 minutes, you saw Herzog get hit by CC with 5000 shares at 4'15, re-load, get hit with 5000 more, re-load again, and still be sitting there at the close with 5000 bid. You also saw CC hit mash for 7000 at 4'15. And at the close, you saw buyers attacking CC on the ask at 5.

CC is engaging in stock manipulation... and today is further proof. CC and the selling coalition sold close to 40,000 shares today... You can see CC dishing out the shares to their cohorts after most trades.

They can't continue to sell at these volumes... especially when the selling today only netted them a one half penny improvement in the conversion price.

Paul