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: Jacques Tenzel who wrote (19522)	5/5/2000 12:05:00 PM
From: John Curtis	Read Replies (3) \| Respond to of 27311

Jacques: I agree with you, but to be fair to those who love to balk at any/all aspects of VLNC it needs to be pointed out that this rise is because of one private placement. That is, CIBC. Of course, CIBC wouldn't have done this if they didn't think their due diligence warranted the placement of their monies, so it's not like I don't think the increase means much. It does(imho). As for the "Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director" ....well...one could say recent litigious adventures would lead a CEO to making statements like this. It could be interpreted as a 'round about way of saying "we ain't going out of our way to manufacture PR events for sheer stock valuation reasons." And as long as things continue developing within the company in the manner indicated over these past 3 months or so then I can live with that. Now let's see how those future earnings reports unfold. John~

To: Jacques Tenzel who wrote (19522)	5/5/2000 5:50:00 PM
From: J. M. Burr	Read Replies (1) \| Respond to of 27311

I believe that if you check you will find that institutional interest peaked shortly after the annual meeting. Secondly, over the last week one could purchase VLNC at bargain basement prices, but if you check the volume and the shares per transaction figure to which I have referred, and if it were possible to obtain up-to-date institutional buying, you would find that just as I have said --institutional interest is minimal. I think it will remain so until one can see the bottom line of a company that has moved from strict R&D to production status.

To: Jacques Tenzel who wrote (19522)	5/5/2000 7:37:00 PM
From: MGV	Respond to of 27311

Institutional Holdings When you are assessing institutional holdings, take two points into account. First, the information is dated. Therefore, it does not reflect recent activity. Second, consider the index funds. They make mechanical buy and sell decisions based on the market weight of a company relative to the corresponding benchmark. In the case of VLNC, the benchmark as of last July 1, is the Russell 2000. So, when VLNC was at 40, the index funds benchmarking the Russell 2000 mechanically bought VLNC because of its relative weight. Now when VLNC is at 15-16 and the Russell 2000 is down substantially less in percentage terms, the relative weight of VLNC in the index is substantially less. Therefore those funds are mechanically selling VLNC. The buys had nothing to do with fundamentals and now those funds are selling even as the less than scrupulous posters (who apparently hope to benefit in the belief they are influencing purchases even as they sell - for example, who comes to mind as the ones who are known for their loose lips regarding their trading activity) say the fundamentals are "improving."