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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (19468)4/30/2000 9:14:00 PM
From: Pallisard  Read Replies (1) of 27311
 
"The way I interpret the current growing short position is that some big money has made a guess that they will win on this one."

Any positive PR now would axiomatically be some shift in fundamentals which your hypothetical big money would not necessarily be apprised of, given Valence's closed mouth past behavior.

If only a third of this is an accumulation of shorting by the coat-tail crowd (weaker hands), the revelation of these new figures should cause a considerable disturbance to the short holders even without PR. Remember that many of the non-institutional longs hold a considerable amount of stock, and they aren't selling. As you pointed out, there may now be very little available stock to borrow.

Please don't feel obliged to respond Zeev, I think we know what our respective positions and biases are.

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