SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Curtis who wrote (25771)12/11/2002 8:22:01 PM
From: P. Ramamoorthy  Read Replies (1) of 27311
 
After the Nov 29 high of $2.32, the price is likely to fluctuate as some profit-taking and "wash sale" sales commence. Those that choose to offset losses against gains for 2002 year and those that exploit the wash sale rule may be active now, and until Dec 27. The price fluctuations will continue in Jan, 2003, as the company makes more announcements in January 2003, followed by February conf call. If there are no surprises, the revenue for the quarter may be less than $600K. jmo.
Aside - short covering?
People talk about short covering. For an example, check the trading of Sealed Air on Nov 29 after the announcement of the asbestos lawsuit settlement.

Nov-29-02 34.50 38.20 33.96 38.20 12,904,800 38.20
Nov-27-02 23.67 24.52 23.60 24.48 1,276,200 24.48

Ram
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News