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

To: mooter775 who wrote (15931)	11/11/1999 12:45:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

It was very clear today before the call the price was being suppressed. Even looking at the largest bid/ask on Fidelity, always 40-50 on the ask. IMO, without this we would certainly have had another cc roller coaster and would be higher now, probably by at least 1 dollar. I don't know how many more shares CC has, but they will surely be forced to convert again to cover everything they have been selling at lower prices. There is probably still a bit of overhang from that, but once we get it out of the way, the forces of 'market gravity' will quickly make up for the suppressive effects caused by the long term unnatural action of CC and friends deliberately suppressing the price. More product orders will come in, the financial position will improve. That, plus the removal of the shorts depressing the price, guarantees very significant appreciation. Things will undoubtedly move more slowly than we would like, but the future looks extremely bright. There is a huge market out there for this product. With this order from a major OEM, it will be much easier for them to get the next order. This is still not a risk-free investment, but the risk reward ratio is looking very good. At this point only those who understand how much CC has caused the price to be suppressed are in a position to understand what a fantastic entry point this is. I'm sure the market will figure that out fairly soon, too. Especially once CC runs out of shares.