VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MARWAN ADJAN who wrote (16650)	12/3/1999 5:35:00 PM
From: mooter775	Read Replies (1) of 27311

Not sure at all, but I would tend to think that those were either (1) misprints, or (2) posting of trades earlier in the day at the opening. What seems to be apparent is continuing action by CC in hedging their warrant position. While this may be a bit burdensome in the short term, I would much rather have them sell the hedged shares now rather than later. I am reminded about the two so-called "smart institutional investors" who sold in aggregate 2.2 million shares of NETE (> 20% of total company shares outstanding) over a 16 month period in 1997 and 1998 at prices from $ 1.25 to $ 3.00. The stock hit $ 50.00 today.... This recent contract, the 2nd one, was more confirmation of the company's product line. The next one or two will, I expect, really begin to move the price and attract larger, more stable investors than many now in the stock. And I suspect these contracts will arrive sooner than many people expect. So still long and comfortable, with all chips on the table.

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