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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (7278)1/21/1999 10:42:00 AM
From: Bruce A. Thompson  Read Replies (2) of 27311
 
Rich,

I apologize for the short temper. This thread tends to attack the messenger. If it is in fact CC that is shorting the stock, at this stage it is to their advantage not to drive the price down. Remember, they are not going to have to go to the market to cover. They will just have the company issue the shares to cover their position which will increase the size of the float. The December short interest is out and the short positions are double what they were in September. For the record, I do not hold any position in this stock and won't until the floorless are dealt with. If that means I pay more later, so be it.

Bruce
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