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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (15716)11/4/1999 1:40:00 PM
From: kolo55  Read Replies (1) of 27311
 
There was a huge amount of short covering yesterday.

We saw MMs who sold the stock heavily in late July and August, rushing to cover... IMO this is a pre-cursor of more to come.

But for today, the shorts have calmed down a bit, and are licking their wounds. Not to worry though, the conference call is coming, and the shorts aren't likely to want to stay short through that call.

Right now we are seeing REDI on the bid, but no one wants to sell to him...

Paul
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