VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jacques Tenzel who wrote (26205)	1/27/2004 9:09:12 PM
From: Jacques Tenzel	Read Replies (3) of 27311

January Short Interest The January Short Interest comes in at 7,540,243 which is about 263,156 shares above the December figure. The high volume days in the 2nd week of January which drove the price VLNC up were therefor not representative of short covering but rather new buying interest. Days to cover has dropped commensurate with the increased volume but still represents significant upward pressure for this stock. If it can execute in these next couple of months we should see a continual rise in stock price. Todays announcement of a new EVI order for K-Charge batteries naturally did not include a dollar amount. There is continued skepticism on the part of many that this omission is because the amount is trivial. This may indeed be the case! However another explanation is an attempt by the company to continue to operate "under the radar" until all their ducks are aligned. Either way we should be learning more in a couple of weeks when VLNC will have the next conference call. ----------- Happy Investing...........Jacques

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