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: MGV who wrote (3745)	8/14/1998 5:27:00 PM
From: DKR	Respond to of 27311

I realize that Don Wolanchuk's reputation has diminished in light of his overly optimistic projections. However, FWIW, he stated this afternoon that recent selling is attributable to margin selling and a transfer of shares from "...weak hands to stronger hands." Also said, "...look for a purchase order in the next two weeks." Obviously we all have to decide for ourselves but he has staked an otherwise exemplary record to the fate of VLNC. Personally, I would guess that a significant shareholder bailed and created an avalanche. Unless someone is trading on negative inside information I can't imagine why someone would sell now. Perhaps we will find out soon...