VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (13268)	7/21/1999 11:22:00 PM
From: Zeev Hed	Read Replies (3) of 27311

Rich, I think that CC would "hedge" their bets to maximize profits. If indeed they shorted and if they know a PO is imminent, they probably would use the current weakness for covering these shorts. If they know that a PO is not imminent, then they might even go "all the way" with the floorless. I think that a very sharp spiral occurred with, I believe, Osicom(?) under similar circumstances. This all depends on how "imminent" is that PO. I have no way of knowing if that PO is imminent or not, so I am "flat". Zeev

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