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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Tom Genna who started this subject11/14/2000 6:58:51 AM
From: The Vet  Read Replies (4) of 27311
 
It just struck me that with the increasing institutional ownership (now over 27% - a record high for Valence) plus 21% owned by insiders, that the number of shares available for daily trading is quite small, less than 18 million plus of course the 6 million short. If the market recovers even slightly then the shorts are likely to find themselves in a minor squeeze. Even if the general NASDAQ trend continues down those shorts will probably start to cover and provide support at around $14 to $15.
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