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 (15496)	10/27/1999 10:41:00 PM
From: kolo55	Read Replies (3) \| Respond to of 27311

Theory fits the facts nicely. You wrote: "Paul, the short interest only rose by a total of 500,000 shares in the 3 month period between July 10 and October 10. And now you think that over the last two weeks, the increase in the short interest has been at least 150% of the increase in the short interest in the previous 3 months? Quite a theory." My response: The short interest rose from 2.47 million shares to 2.83 million shares from September to October, a rise of over 300k shares, plus the market absorbed 690k shares from CC's partial conversion. That's about a million shares in 4 1/2 weeks!! Look it up... I didn't make those numbers up. That is roughly 250k shares a week. If 250k shares a week isn't enough to drive the stock price down, what will happen when they stop selling 250k shares a week? And how long can any one entity continue selling at that rate? You simply refuse to believe that we have a single large motivated seller in spite of all the supporting facts; CC's conversions, the short interest report, and the Level II tape action. This certainly makes a lot more sense than your "Superman Trader" theory; which says when CC sells, the stock stays up, and when the CC buys, the stock stays down. You guys are like two of the three monkeys; can't see anything (because you don't look), can't hear anything (because you won't ask), BUT wow, do you guys like to talk. Paul