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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Tickertype who wrote (11785)6/4/1999 12:30:00 PM
From: FMK  Read Replies (3) of 27311
 
Tickertype, The shorts must be worried that price is on its way up. Otherwise, why would they bother. BTW, a friend who has been trying to accumulate stock was pleased to have a nervous seller or two. He didn't get as much as he wanted in the low 7's however. There is apparently too much competition for the low priced shares. IMO if rumors about running multiple shifts to build inventory are true, sizable shipments will soon be made and it will have to be announced. When that happens, the shorts will be in a tough place.
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