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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: hcirteg who wrote (12085)	6/13/1999 12:18:00 PM
From: John Curtis	Respond to of 27311

Who cares? EXACTLY! He ain't worth discussing; it's just a useless waste of the bit-stream. What does matter is what Larry B.'s discovery of possible inclusion into the Russell index portends for VLNC. Just another tidbit to stack with the other tidbits like the London Financial Times article, the Wireless Week L.D. interview, and the Hanil sell. Things just keep getting brighter and brighter, but however bright the Russell "thang" may appear let's not get all worked up until it's a reality, eh? THEN it becomes an official tidbit(heh), and maybe just in time to compliment VLNC's SEC statement of end of June readiness. Now....about those OEM p.o.'s..... John~

To: hcirteg who wrote (12085)	6/13/1999 12:18:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

Should Wexler be nervous about the Russell 2000 deal? Maybe yes, maybe no. In the long run, it won't make a whit of difference. If he is really convinced that VLNC has no production capability and is a stock fraud, then inclusion of VLNC in the Russell 2000 won't change anything in the long run. In the short run, however, it should bring interest to the stock from speculators who want to "front run" the institutional buying, and then from the institutional buying itself after the index is reconstituted. From Russell web-site, "More than $145 billion is invested in funds that rely on Russell's U.S. indexes as investment models (including more than $86 billion using the Russell 3000 Index.)" If this "index-related" buying were to coincide with "fundamental-related" buying (e.g. if VLNC were to announce good news during the same time frame), it could spell disaster for the shorts who might be forced to add their own buying to the mix. Wexler might want to consider taking his 8% now and consider shorting it again in the future if he sees an opportunity. With the stock currently at the low end of its trading range, it might be the prudent course of action for the shorts.

To: hcirteg who wrote (12085)	6/14/1999 1:27:00 PM
From: John Curtis	Read Replies (3) \| Respond to of 27311

HC, et.al.: Has anyone else noticed a correlation between option expiration week and a tendency for VLNC to end up at the low end of its range....specifically, it seems to love being below $7 come options week? Look back over the last 6 months and tell me what you find..... Hmmmmm........anyway, given this, and the past 6 months of bouncy bouncy, I'm'a now standing here waving the 'ol limit buy in the ~$6.75 range and may ease it to just above the bid, depending on how the "action" unfolds. Just'a 'nother traders block for the next upwards cycle.....although THIS time I may hold onto it once it gets to ~$8, because by then we'll be into the hopping month of July... John~