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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (19922)6/1/2000 4:22:00 PM
From: mooter775   of 27311
 
Zeev,

Another factor in the weakness in the stock the past 3 days has been the exercise of a number of deep in the money puts at substantial premiums to the current prices. Most of those who were put the shares sold the shares they were compelled to buy when the puts were exercised.

And finally, there is still no doubt that those who have been shorting the stock continue to do so... Some regard this as bearish - I don't, since they will have to be reacquired at some point.

FWIW, I expect the next reported monthly short interest will be up at least 300,000 shares from mid-May levels.

And that this will be more than offset by a corresponding increase in institutional long holdings.
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