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

To: Zeev Hed who wrote (21269)	8/25/2000 2:45:44 PM
From: John Curtis	Respond to of 27311

While I tend to agree that the only obvious gambit the shorts seem to be relying upon is time this, given the amount of time already elapsed, sure seems to be a gossamer wall to be standing behind. Because if it ain't clear by now, time doesn't seem to be hurting VLNC any. At least, so far. And it's pretty clear those invested are in it for the loooong haul, have come to know each other and have done sufficient due dilly such that it'll take a "9 on the Richter scale" company announcement to shake confidences. So.....it comes to this. If you ignore the hype of the overly enthusiastic still, in fact, the company IS making undeniable progress. And from todays stance it'll certainly be interesting to see how things have progressed one year from now. A year I, as an obvious long, can wait out. As for the short gambit....well.....having executed short positions on other equities from time to time I can say it ain't my style to maintain a short position for anything like that kind of time. Shorting is a "strike and move on" strategy. It isn't well suited to a long drawn-out game of attrition. At least, to me. As for EMLX. Yup, I'm in agreement. Somebody ought to be hoisted by their short hairs(ahem) over it. And not just the ones who initiated the plan, but also those news organizations who got it out there without first double checking their sources. To a certain real extent EMLX shareholders suffered from the competitive nature of the "on time" news media game. I'm sure there's a certain...uh...."dynamic tension" to be found between an entities desire to be first with the news, and the conflicting desire to be accurate. And unfortunately, in EMLX's case we can clearly see which dynamic won. John~

To: Zeev Hed who wrote (21269)	8/25/2000 3:34:32 PM
From: Tickertype	Read Replies (2) \| Respond to of 27311

Zeev, I agree that the perpetrators of the EMLX hoax should be sent to a very warm place, to where they don't even deliver pizza. Imagine the losses suffered by all those who were mislead and sold as it crashed. As for the shorts counting on lapsed time, that's what I was alluding to when I said they're "counting on no news". But Larry's comments about them counting on the SEC filings, well, if they do I'm afraid their cash registers won't be playing John's favorite music (ka-chinnggg!). I'm betting the next 10Q will show increased revenues, and the one after that considerably greater revenues still. Not something those who owe 5 1/2 million shares should find very comfortable. - T -