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

To: Pallisard who wrote (5025)	11/14/1998 2:52:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Pallisard: I've been a VLNC investor and posted on this thread on and off for over a year. I've never shorted a stock in my life. I don't even have a margin account which would be a prerequisite for shorting a stock. I owned the stock last fall when it was tanking. During this time, all we heard on this thread was VLNC would be in production first by the end of the year, then by the end of the 1st quarter at the latest. Meanwhile, the price of the stock fell from the $9 to $10 range where I bought to the low $4s. I held until we got a nice pre-CC spike to the $7s, when I sold. Last summer, I bought again below $4, and recently sold in the high $7s. As I said before, the recent CC raised some big red flags for me. I could very well be wrong about those red flags. If I am, I may buy again. I've known Zeev for over 2 years through SI. I've asked for his opinions regarding VLNC on other threads several times. I'm not sure why he chose this time to begin posting here, but I would guess its not because he is short. I've never known him to short a stock. I don't see the problem with a discussion of the range of possible implications from the financing package. These discussions will obviously become moot if VLNC announces a material contract by 1/27. In that eventuality, I think the whole death spriral scenario is out the window. But as time passes without a contract, the issue becomes more and more pertinent. After the August CC, the discussion was that we would see contracts by September/October, well within the deadlines. Now its mid-November and we are approaching the deadlines. The CEO was unwilling to go on record that the assembly line is providing production samples to OEM's, and refused to discuss the terms of the financing. Again, red flags for me. Maybe I am overreacting. Time will tell.