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

To: Peace who wrote (21254)	8/24/2000 8:01:38 PM
From: MGV	Read Replies (1) \| Respond to of 27311

Peace, Challenges to the premise that VLNC will eventually be a $100 stock shouldn't provoke the anger that it does here. My intent is to challenge the premise, it is not to provoke anger. There is a difference. Your conclusion assumes I am writing to the dogmatic element here. I am not. I take exception to the kind of statements you saw this afternoon that feign to predict an imminent material event under the suggestion of special knowledge. The incidence of false representations is disproportionately high on this message board. It has been so for years. I don't like it. So I write to normal people who may have an interest in the stock. Because the stock trades on sentiment and not on fundamentals it especially is susceptible to manipulation. It doesn't take much time to frustrate manipulative efforts. That is why you note anger on the part of a dogmatic group of people, many of whom write only on this message board and nowhere else! You comment on the price movement today. If you watch this stock for any time at all, you will observe that the stock price moves frequently on rumor and sentiment with no information. It happened a few weeks ago. The price moved up and came right back down with no news. The stock does not trade on fundamentals. It does trade on rumors. I suspect that is why day traders must find this message board particularly attractive. Surely you can see the potential for manipulation when a person who represents that he has unique knowledge by virtue of some radio appearances and a 900 telephone line comes on the internet and represents "probable surprise news." He might make such statements in hopes of catalyzing a swing in sentiment to move a stock for his own gains. This stock does not have much volume. Low volume makes manipulation a bit easier. There are people who are impressionable and react to such statements. They even pay to listen to a 900 voice message. Some of them may even have bought stock at $21 the last time it moved up on sentiment with no subsequent news. They have lost more than 20% of their investment in a matter of weeks. Apparently the 900 # voice represented the stock price would soon go to $50 when it was at $40. People who reacted to the 900 call now have losses of over 50% in a matter of a few months. The ones who always respond in anger are the ones who should do what they feign to do - wear blinders to challenges to their representations and unfounded assumptions. Instead they apparently are threatened and unsettled by questions and challenges to the view they manufacture. That speaks volumes about their motives.