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: Jay Lowe who wrote (2942)	5/20/1998 5:14:00 PM
From: saul mikaliukas	Read Replies (4) \| Respond to of 27311

Is This Stock For the Dogs??? Right or Wrong!!! Many on this thread think Valence is a DOG since, everyone is in shock after today's good news being no news????? I have been a lurker on this thread for some time now but, after today's trading I just needed to speak out. I have seen superb stock manipulations but, I certainly have to complement the market maker for his/her work today. Not only did they start the stock out at it's highs but, they closed it at absolutely unchanged ON 2 MILLION SHARES BEING TURNED OVER!!!. A casual observer would have to say this stock is a dog...Right???? No WRONG!!! Most of the buying took place the first 1 1/2 hours of trading ( when the demand was up because of expected good news) the market maker, knowing of this demand supplied tons of stock by selling short...( a few of our recent posters did as well since, they know Valence's trading patterns pretty well, they made off like bandits today) How about the small investor or the ones who bought Valence about 6 months ago at it's previous highs...were they tickled pink about today's trading.....heck no they probably got shaken out when the price was heading south all afternoon.. Now why is Valence NOT A DOG???? It is not since, if you take a look at start up technology companies over the years their trading patterns have been very similiar to Valence's...This type of trading is to shake rattle and roll the small investor out of his stock that he picked up when this company just started out... The float of Valence's stock is not that much, so how can we get the little guy to sell???? You get him excited to all heck and then take the price up like a rocket and then slam it down. By this trading behavior the "BOYS" shake a bunch of stock out of the little fellows grasp...The "BOYS" love this game since, they make out like bandits on the way up and then on the way down...like a YoYo... (Valence's stock price has shown this behavior over and over again the "BOYS" Don't want it to go up YET!! Not until they get as much stock as they can get their grubby little hands on) There is one thing for sure...that sooner or later the little fellows will come to understand the "BOYS" games and very well knowing that Valence's REAL TIME IS COMING SOON!!!! Valence is no longer a just a development company but will very soon be a manufacturing company with an exciting product!!!!!! By closing the stock price unchanged today...the "BOYS will be able to pick up some cheap stock over the next few days since, most investors look at the closing price and not at the entire day's trading patterns nor the volume statistics....To the small investor today was a nothing day...the GOOD NEWS was NOTHING to the market... RIGHT?????????? ABSOLUTELY WRONG!!!!!!!!!!!!!!!!!!!!!!!!! Best regards to everyone!!!!! P.S. Technically the next few weeks will be extremely interesting... Will the little fella sell or hold? That is the $64,000.00 question.. If he does not sell then Valence will break into new highs before the first shipment of batteries or some REAL Contracts are announced by the company!!!