VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: webpilot who wrote (1577)	12/6/1997 8:03:00 PM
From: Javelyn Bjoli	Read Replies (1) of 27311

Wow, 20% short, that is huge. Where are you looking that up? I was wondering if the shorties sold ULBI at the bottom of the recent dip - the large short interest has been going on for months. Is it getting bigger or smaller? I don't know what the effect will be. Perhaps they are awaiting a return to 9-10 range between now & production? They seem to be betting that revenues from the old product line will continue to decline, ie the bottom line will stay in the red, for quite some time before the rechargeables will hit production. They would only need a 6-month slip in production schedules to justify a large price drop. I don't think that is so unreasonable to expect, although I wouldn't put my own money on it. I would think if ULBI ships on time (Mitsubishi notebook is already shipping in Japan, anyone seen a Web mailorder place advertising it?), it would force a short squeeze price lift. Or would it hold the price down as the short interest burns off? I don't have a good grasp of the technicals in such a situation - can some of the technical traders comment?

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