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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (12569)6/30/1999 3:11:00 PM
From: Robert Cohen  Read Replies (2) of 27311
 
I have been informed that REDI is frequently used by hedge funds to short stock. Makes sense in that hitting the bid would drive down the price. The question is if this is Castle Creek hedging their position could this mean that commercial production and P.O.'s are further away than we think? Someone refresh my memory..aren't they limited to 30K shares a day?

Robert

PS
Note that REDI parent MM SLCK is on the bid. Wish I knew more about MM machinations. On the other hand someone is scooping up all that is offered at 7/8.
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