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

To: John Curtis who wrote (6546)	1/1/1999 12:11:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

I predict the century will not actually be over until December 31, 2000. There was no year 0. And I do have one more argument I have to get off my chest (I guess you were right, Pallisard) <VBG>. This has to do with the logic behind the "panic sell" theory. First, if there is any credence to be placed in the panic sell theory, I would submit that anybody that was moved to sell did so because of what the official company filing said, not what the naysayers on this thread said. After all, the naysayers were merely pointing out what the document actually said. Second, the "spin" of the S-3 on this thread was that it was referring to the third line, not the first line and that samples have been in OEM's hands for months. Question: should anybody who sold have not sold because of the spin on this thread? Was this spin true? Third, even if some were moved to sell because of the S-3 (not an irrational decision, IMO), they had plenty of opportunity to buy back (probably at a lower price) after the clarification of the S-3 by the investor relations firm. And hopefully this clarification turns out to be more accurate than past information from this source (production is on track for first quarter '98) that has been posted here in the past. For now, I will assume that the information is accuarate. Fourth, the argument was made that before the internet, small investors did not have ready access to SEC filings. I would point out also that before the internet, small investors did not also have access to the pronouncements of the "very knowledgeable" investors who post on these threads. And what is wrong with having ready access to official SEC filings? Particularly for investments in speculative stocks like Valence? Were investors in speculative stocks better off in the old days when they would mostly have been totally ignorant about a floorless financing, for example? Sorry for arguing with myself, but the "panic sell" issue was still bothering me.