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

To: Pallisard who wrote (12569)	6/30/1999 3:09:00 PM
From: FMK	Respond to of 27311

Pallisard, I noticed that you have endured numerous insults and personal attacks for stating your reasons for continuing to own and acquire Valence stock. I take the view that the harder they try, the more worried they are that they will have to pay for their borrowed stock at much higher than today's prices. I'm glad you're not selling them any of your shares.

To: Pallisard who wrote (12569)	6/30/1999 3:11:00 PM
From: Robert Cohen	Read Replies (2) \| Respond to of 27311

I have been informed that REDI is frequently used by hedge funds to short stock. Makes sense in that hitting the bid would drive down the price. The question is if this is Castle Creek hedging their position could this mean that commercial production and P.O.'s are further away than we think? Someone refresh my memory..aren't they limited to 30K shares a day? Robert PS Note that REDI parent MM SLCK is on the bid. Wish I knew more about MM machinations. On the other hand someone is scooping up all that is offered at 7/8.