VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (7670)	1/29/1999 10:17:00 AM
From: Zeev Hed	Read Replies (1) of 27311

Rich, I think you are right, until July, the most CC would do is short at prices well above $6 per share within their daily limit of 30,000 shares, and probably provide support to the stock when it drops to the area of $6/share by going into the market and covering those shares. It might be the reason the stock has such very good support in the $6/share area. After July 27th, the name of the game may change, but if we assume that VLNC is in full swing shipping, it is of little importance. If they are not, Lev may renegotiate another delay of the implementation of the floorless conditions. Zeev

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