Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	6/10/2001 11:56:20 PM
From: Michail Shadkin	Read Replies (3) of 6873

VLNC - could be a very nice short come tuesday morning Valence Technology, Inc. is engaged in research and development to produce advanced rechargeable batteries based upon lithium and polymer technologies. For the 39 weeks ended 12/31/00, revenues totalled $6 million, up from $797 thousand. Net loss applicable to Common rose 4% to $29.2 million. The Company received its first purchase order for commercial grade lithium polymer batteries in November 1999 and currently has purchase orders for approximately $17 million of batteries. market cap is 370 Million cash is .05/share (oh myyyyyyyyyyyyyyyyyyyyy) short interest 21% debt/ equity ratio is .70 EARNINGS PER SHARE Quarters 1998 1999 2000 2001 JUN -0.240 -0.210 -0.310 -0.250 SEP -0.260 -0.160 -0.340 -0.250 DEC -0.210 -0.440 -0.320 -0.280 MAR -0.340 -0.320 -1.150 Totals -1.050 -1.130 -2.120 -0.780 Earning are expected monday AH. estimate is -.22 2001 estimate is -1.03 2002 estimate is +.01 seems like they should be out of cash already. (+.05 cash -.22 loss + deposit on new orders during quarter should be a negative number) +.01 estimate for 2002, I would have to see it to believe it. They have no track record of beating the # at all during earnings. VLNC - Stephan Godevais, CEO, will present a company overview at the 2001 CIBC World Markets Communications Food Chain Conference. Godevais will present on Tuesday, June 12, at 10:50 a.m. Eastern Daylight Time. I would think there should be some kind of financing deal announced after earning monday night or possibly at the presentation. (after earning far more likely) There is very solid resistance at $10 entry just below that seem logical. I would wait until tuesday morning to short this pig, after earning, but before presentation. Buy the rumor and sell the news. short term target probably low 7s. traderpulse.com Michail

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