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: John Curtis who wrote (3247)	7/2/1998 10:42:00 PM
From: MGV	Read Replies (3) \| Respond to of 27311

Highlow John - If you do your own research and make your own decision, you have no reason to be concerned with posts that don't share your conclusions. Nevertheless, the very nature of the thread is to draw people to them for opinions. Some of the less skilled or experienced in investing rely on posts by others perceived to have special knowledge or insight and are influenced by them. Many of the less experienced would do better to avoid the risks in a speculative company. ( In the case of VLNC, "speculative" is understating the profile. ) As a genberal principle, it is unreasonable for an investor to avoid the quarterly and annual reports required by the SEC for company disclosure. Yet there are posters on the VLNC thread who have advised other investors not to read the reports. They offered their summary and interpretation instead. Moreover, there is a misconception being spread that quarterly and annual reports are matters of form over substance, written by lawyers for lawyers (according to one simple-minded poster). There is also a tendency by some of the more specious por-Valence manipulators (one in particular) to downplay and diminish the significance of serious fundamental problems with the way the company has been managed and the way it is capitalized as I write. These posts are purposeful and they are intended to mislead. This company has been a case study in the flaws in human nature in investing. (yes, an investment with some people's hard-earned savings, as speculative as the investment may be) It is fascinating (and frustrating) to see that some of the people who read and write here are defensive and angry about issues that take positions opposite to theirs. I ask a rhetorical "Why?" On a more specific point, you mention hyperbole. The only hyperbole I have read (aside from one or two obviously inane negative comments about VLNC) are from VLNC promoters. Of such hyperbole there are numerous examples. Most of the people who post ideas about VLNC's problems are making honest (and mostly cogent) assessments. If you think you have seen hyperbole in anything I've written, I encourage you to point it out. One can adopt a callous approach to the spector of people losing money in detrimental reliance on professional manipulators. For the moment at least, I am choosing not to be so callous.