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

To: Larry Brubaker who wrote (7330)	1/22/1999 4:13:00 PM
From: DKR	Respond to of 27311

Larry, I appoint you the chairman of the hindsight committee, from now on you are in charge of reporting the low of the day and speculating on the level of sophistication of the seller. Don't worry about the level of sophistication of the person or persons on the other side of the trade (in other words the buyer).... We all recognize your contempt for this stock so please take your whining and nagging out on your dog or your wife, or both...

To: Larry Brubaker who wrote (7330)	1/22/1999 5:49:00 PM
From: kolo55	Read Replies (2) \| Respond to of 27311

Larry, that block has all the earmarks of an amateur. The way the stock sold off ahead of the block, the way the MMs took the price down ahead of the block, the fact that it went at the bid, etc... it doesn't appear to have been done by a professional. They aren't usually that crude in executing a trade. (It reminds me a lot of the way Steve Jobs sold some of his Apple stock years ago, when Sculley kicked him out.) My guess is that it was either an amateur, or a margin call. Given the size of the block, my guess is that it was either an insider sell, or a former insider sell. Don't bother pounding me on this one; I doubt either of us will ever know the truth. I thought I'd throw up at least several other plausible alternatives. BTW, the time has come and gone for Insiders to report trades for December, and no Castle Creek report. If they sold stock short early last month, as you have suggested repeatedly, wouldn't they have filed the required disclosure with the SEC by now? It appears your prediction of Castle Creek selling isn't being born out by the facts. Paul

To: Larry Brubaker who wrote (7330)	1/22/1999 6:31:00 PM
From: jean1057	Respond to of 27311

Larry, the seller can not be that sophisticated as he sold on the days low...guess having 30000 shares for sale you would have other chances than to sell at the days low...as a sophisticated investor that is.....my guess is a margin call... but maybe that is a too plausible an explanation...maybe the two of us just agree that is was Lev's selling...jumping off the Titanic