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

To: Robert Cohen who wrote (12557)	6/30/1999 2:06:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

A tactic that seems to have been effective is to short he stock after a positive conference call, and to make the situation defy logic of those who believe if the news is good, share price should go up. When it doesn't, as has happened repeatedly, many holders become frustrated and sell because the result of good news was a lower share price. If they can get it down a little lower, maybe they can create some margin calls and some will be forced to sell. The shorts would be delighted if they could only create a repeat of what happened before Christmas. I remember speaking with one large holder who sold 80,000 shares that day to "stay ahead" of a margin call. With Valence now producing 4x4 inch batteries for Hanil and continuing to ramp up production of next generation product, It's understandable that the shorts are making maximum effort to hold share price down. There should be some interesting times ahead when a large contract is announced and shorts scramble to cover.

To: Robert Cohen who wrote (12557)	6/30/1999 2:23:00 PM
From: FMK	Respond to of 27311

While on the subject, I noticed several recent posts by a heckler who was credited for yelling "Fire" in a crowded theatre with some of his posts just prior to a conference call over a year ago when a selloff occurred and many were forced out on margin. Is it just coincidence?

To: Robert Cohen who wrote (12557)	6/30/1999 2:27:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

While on the subject, I noticed several recent posts by a heckler who was credited for yelling "Fire" in a crowded theatre with some of his posts just prior to a conference call over a year ago. A selloff occurred and many were forced out on margin. The shorts undoubtedly covered at a lower price with shares they extracted. Just coincidence? Times have changed. Longs are less margined, Valence is in production with an even more-advanced product and time is definitely running out for the shorts.