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

To: Sig who wrote (13203)	7/19/1999 8:32:00 AM
From: John Curtis	Read Replies (2) \| Respond to of 27311

Sig: In a nutshell the short sale volume can be read that a certain segment of the marketplace is placing "bets" that VLNC will fail, is overpriced, and/or at the very least, suffer from continuing delays such that folks will get disgusted and throw in the towel thus causing a roll-off in the share price. Typically a growing short volume tracks with a decline in share price(I'll use ORG as but one example) simply because of the pressure brought to bear on said stock. And this is particularly true when the stock is an R&D type speculation with zero earnings, etc., etc.. However, with VLNC this has not been the case, as the price has been caught in a 7 month range of ~$6.50 on the low end and ~$8.25 on the high. To quote another threadster who commented on this fact, VLNC appears to be defying gravity, to the consternation of those who may have played the short game with VLNC. And while this death defying act has been going on short volume hasn't declined, indeed it has gone up(it'll be very interesting to see what July's data shows), this despite the rangebound aspect, implying the shorties have faith and are now in for the long haul. So, too, are the bull's. This, to my way of thinking, is the source of the endless amounts of energy which has continually been bent to that interpersonal communications characteristic known as "bashing the competition". As for me, I've made it abundantly clear that I think this issue is rangebound, with someone supporting the stock every time it gets down around said $6.5. The implication is sumbody who knows is more than happy to put their monies down on VLNC when it's at that point. If'n I'm right we should see it go no further down, indeed maybe we'll see a small recovery this week. Bottom line? Let's see how it goes.. Regards! John~