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


To: Pallisard who wrote (7338)1/22/1999 8:06:00 PM
From: Larry Brubaker  Read Replies (2) | Respond to of 27311
 
From all the responses I got to my post about the 30,000 block sell, it is obvious you have all missed the point.

I am not the one throwing out theories on this thread about who is selling. It is FMK who has repeatedly claimed that the price weakness is due to "unsophisticated" "internet" investors who "panicked" when they "misinterpreted" the S-3. That is the theory FMK has put forth.

I am simply pointing out the reasons for my opinion that Fred's theory is hogwash. "Unsophisticated" "internet" investors who "panicked" when they "misinterpreted" the S-3 (that was released a month ago) does not seem to be a likely explanation for why somebody unloaded a 30,000 share block at 6 5/8ths.

I keep telling you guys, if Fred would knock off the b.s. (e.g., VLNC will produce more batteries by the end of the year than the entire world market for laptop and cellphones), I won't have to post here so much. It's up to Fred.