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

To: kolo55 who wrote (15497)	10/28/1999 1:30:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

<<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 don't really believe what you are saying here, do you Paul? The market actually absorbed the 690K shares from CC's partial conversion at the time they were shorting the stock down from $8 to $4.375, not when they converted the shares (to presumably deliver against their short position). These additional shares were sold into the market in July and August, not within the last 4 1/2 weeks. <<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.>> Seems to me that you are doing your share of monkey talk, Paul. First you said Castle Creek was not shorting and after months of due dilligence, was bullish on VLNC. You claimed Daddy Warbucks was bullish on VLNC when now you acknowledge they are selling "from time to time." Then you declared the death spiral a hoax when the price did not immediately drop below $6 on July 30. Then, once the price did fall below $6, you have erroneously predicted the demise of the shorting on several different occasions. Then, you predicted the short interest would rise by 500K shares in September (when it barely rose at all). Now once again, you are predicting Castle Creek is about out of ammo. After all your erroneous predictions, you are referring to others as monkeys, eh Bosco?

To: kolo55 who wrote (15497)	10/28/1999 11:54:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 27311

Paul, RE: >> 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. << Actually, If CC shorted the 690K shares, then the "Market" does not have to "Absorb" the converted shares. All that happens is that CC returns the borrowed shares. No market transaction takes place and CC is free to short the next tranche. BT