VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Javelyn Bjoli who wrote (4017)	8/31/1998 8:24:00 AM
From: John Curtis	Read Replies (2) of 27311

Javelyn: Noticed how the short position has grown? Yep, it's ~trebled in the past 3 months, and it appears the bulk of the positions established were done so in, or around, the $5 to $5.50 range. The question for me is whether or not they continue to establish positions at current valuations. My bet is they ain't, but it's only a guess. Why? My view is there isn't a whole lot of downside left on VLNC, unless the global economic situation REALLY falls out of bed. So would YOU establish a short at this level? I wouldn't(although I WOULD be seriously considering covering and taking my gain). John~

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