VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (19429)	4/29/2000 12:45:00 PM
From: FMK	Read Replies (1) of 27311

Zeev, perhaps there are too many astute investors(like yourself attempting to buy at 14 7/8) who are aware of the tremendous bargain and keep buying at these levels. It appears these savvy buyers have kept the price from dropping to the low teens or single digits where the shorts were hoping to cover, leaving them 4 million shares short. This would also explain why there have been so many negative posts recently by the bashers! It makes sense to buy the low-priced shares before the shorts get them so they will have to cover at higher prices. With the 150 or so ongoing programs with 50 customers(Lev mentioned at the shareholders meeting) it would appear we are overdue for more positive news. My analogy is that we have recently heard from only the first few kernels of a batch of popcorn heating up! We should also be nearly finished with margin selling since the price has recently held above $15.

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