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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Steve Lee who wrote (25632)10/23/2002 6:51:59 PM
From: Zeev Hed  Read Replies (2) of 27311
 
I think that Berg shares are "restricted", but I see no reason why he could not sell "short against the block". However, in the last few months the short position in VLNC has declined, and I doubt very much that Berg would undertake risky shorting tactics (like short in overseas markets where short positions are not reported in the same manner that it is here). He could, however, be engaged in "replacing" expensive shares he own from the past (and compensate for gains he might have elsewhere), since his current cost is $.53. All the above, is of course, purely speculative. It could very well be the work of the MM who took in cheaper shares and is now selling them.

Zeev
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