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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: George8 who wrote (26019)5/28/2003 2:34:58 PM
From: Jacques Tenzel  Read Replies (2) of 27311
 
No way to tell what percentage of the short interest is hedged. However the fact that this amount of shares short represents over 9% of the float in a stock with little daily volume (under 1 million shares in my view) will add considerable push to a stock that is continuing to expand on it's 52 week high. Technical indicators are of limited use in a story stock such as this. Either the story becomes reality or not. In the long run it will be the company itself that determines whether we longs get rewarded or not.

.........Jacques
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