Ram:
A great day indeed!
And all this with Short Interest remaining stable (actually rising) is very encouraging. Three and a half million shares giving momentum as we move up is always helpful. Despite all the technical indicators suggestive of continued strength to the upside I imagine that the firming fundamentals of this company are what is indeed behind the movement.
------------------------Shares-------- Volume------ Days to cover
Apr. 15, 2003----- 3,522,175----- 295,265----- 11.93
Mar. 14, 2003----- 3,291,492 -----100,021 -----32.91
Feb. 14, 2003----- 3,010,553----- 156,431----- 19.25
Jan. 15, 2003----- 2,955,096------ 258,841------11.42
Dec. 13, 2002----- 3,459,195----- 477,427------ 7.25
Nov. 15, 2002----- 3,619,188----- 220,450----- 16.42
I am still curious if anybody knows what our current relationship is (if any) with Delphi. Ford and GM have both announced plans for some electrical assist in the larger pickups to start to appear perhaps by the end of this calendar year. From all that I have read of the GMC prototype it appears to be consistent with the Delphi 14/42 volt batteries. It would be nice if Valence still had a hand in this pie either directly or through royalties.
Happy Investing.......Jacques |
