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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (14843)9/27/1999 1:30:00 AM
From: P. Ramamoorthy  Read Replies (1) of 27311
 
Paul,
Thanks for the analysis. I too wondered who the seller was last two weeks and why the short covering did not occur soon after the news of CC conversion. Strange trading, it was for CC to go after these small gains. A remarkable thing about this stock is that longs seem to be steadfastly holding tight. Next couple of weeks should be interesting to see whether short covering will occur, in the absence of CC's shares! Ram
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