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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (15823)11/9/1999 10:42:00 PM
From: I. N. Vester  Read Replies (1) of 27311
 
Paul, I agree with you that CC has to convert
at least some shares soon. While it's impossible
to know exact numbers we know enough from level
II to know that they have expended most of their
ammunition.

That having been said, if I were CC, I think I
would be counting on Lev to be very tight lipped
on the cc as he has been most of the time so far.
His refusal to make any statements which cannot
be independently confirmed will almost certainly
leave us without any strong confirmation that
orders are happening.

Again, I if were CC, I'm pretty sure that I would
at least try to take advantage of that situation.
I'd use up any remaining ammunition and hope
that I can find many longs who give up and throw
in the towel.

I very much doubt that any longs will fall for it,
but I do think CC will probably give it their best
shot and try to create some kind of panic after
the call.
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