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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Chisy who wrote (13158)7/17/1999 12:54:00 AM
From: Greg McDaniel  Read Replies (1) of 27311
 
What! No personal attacks in 7 hours on this thread! VBG Here is my interpretation of the shorts chart... Short interest has been increasing at approximately same pace each month since January. The stock being range bound does not interest the shorts to cover. They want to go for the gusto ($1.00 share price). Expect next month to show the same unless the squeeze comes with a PO announcement. Only on some significant positive news will we see this decline. If the PO announcement goes beyond September the days to cover will build as I expect the daily volume to remain low. On the chart it says the avg daily volume is hitting lows. the rubber band is getting wound tighter and tighter. now there are about 11 days to the 27th... If the floorless banditos begin their attack as Larry and Zeeve suggest then the stock could start dropping and the shorts would start covering.

When PO is announced then the shorts will have some cleaning out to do. Which will come first PO announcement or 7/27 without an announcement? Will a white knight(Daddy Warbucks) save VLNC financing and keep the shorts at bay? Will we get these answers in the next 11 days? I believe a PO and/or white knight...will appear.
Just my gut instinct.
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