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: I. N. Vester who wrote (1545)	12/5/1997 9:43:00 AM
From: John Curtis	Respond to of 27311

I.N.: I know people are worried, and all have expressed valid concerns regarding CEO timeliness, etc.. But in the larger context, ie. CR selling off only 7% of his holdings........meaning he still has a 93% stake in VLNC's outcome, it should assuage concerns reflecting suspicions of VLNC's worth. I tend to agree with your viewpoint fo retiring to enjoy his 93% stake blossuming according to all our speculative hopes. That said I do feel MM's, and their like, thrive on chaos, and use every negative opportunity to cash in for themselves(one of the seductive principles of inserting yourself between EVERY buy/sell, indeed, to a very real extent even controlling the Bid, or Ask depending on the side they choose to take. MM's call this "making a market" in a company's shares. I call it manipulation. So my thoughts to everyone are to recognized this fact, which when combined with tax-loss selling and the probable attractiveness of VLNC to day-trader types, means that for the short term we should expect VLNC to be a volatile trading vehicle. At least thru year-end. Owning some of the competition(ie. ULBI) may smooth the peaks and valleys of your VLNC holding and ain't a bad "hedging" stance to take......at least thru year-end. Just some thoughts. John~