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


To: kolo55 who wrote (18952)4/1/2000 1:54:00 PM
From: P. Ramamoorthy  Respond to of 27311
 
Re.:"...This smells extremely bad..."

Agree, 100%.

This stock enjoys the most negative sentiment (to the point of vengeance) I have known. I have a hunch that last week's manipulation may not be the last of such attacks, since Castle Creek still has some ammunition left. I'm glad that VLNC settled with the plaintiff. It'll help wipe out some of the negative sentiments. jmo. Ram



To: kolo55 who wrote (18952)4/1/2000 2:02:00 PM
From: mdf695  Read Replies (1) | Respond to of 27311
 
Paul,
With the small amount of VLNC shares out there can't
this hedge with BEAR Stearns continue once we return to 32-35 range?
Mike



To: kolo55 who wrote (18952)4/2/2000 12:30:00 AM
From: I. N. Vester  Respond to of 27311
 
Paul, thanks for the cogent post. Friday PM, i saw yet
another example of what i'm sure is blatant market
manipulation by a hedge fund.

One of my holdings LBRT and a few others, AFCI, WIND,
PWAVE, RSAS, all dropped 10% in the last 1/2 hour friday.
LBRT is a s/w provider for interactive TV and Wind also
provides RTOS software. I don't even know what those
other companies do. there was no news out on LBRT
or WIND - i know about those other companies dropping
from a post on lbrt thread. all dropped precipitously
on fairly low volume.

It's clear to me that some hedge fund had a large bet
against these companies, e.g. on the 1st quarter results
of a fund holding these companies. The timing of this
incredible coordinated drop is uncanny. Once you know
the kind of shit these guys are getting away with these
things stick out like a sore thumb. Really amazing.

I'm sure somebody really cleaned up by screwing these
stock late friday in a very coordinated attack.