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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (10565)4/20/1999 9:27:00 PM
From: hcirteg  Read Replies (2) of 27311
 
Paul-

Put the puzzle pieces together and you come up with only one conclusion...success for VLNC shareholders and probably very soon. LEV is going to get more $$$ for the company through more shares. He said he was going to do this with what he hoped was higher stock prices.

Higher stock prices through third party, independently verifiable news. IMO, LEV knows the stock will rocket when a material PO is announced and that would be a great time to raise cash.

Depending on how well the stock is doing will drive how many shares he needs to sell in the open market.

I'm pretty sure the SHORTS will be the ones scooping up those new shares as fast as they can as demand may be a wee bit too high for the existing float.

I'll sell mine...but not until I see 30+....naaa 40+...naaaa I'm not selling!

Good luck.

HC

PS If this announcement (which came out b4 the bell) was such bad news...why didn't the stock sell off? It's not good news yet, but if it was bad, the stock would have fell more.
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