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

To: John Curtis who wrote (13208)7/19/1999 11:15:00 AM
From: Sig  Respond to of 27311
 
John, thanks for that quick and clear appraisal of what's going on. Best to you. Sig.



To: John Curtis who wrote (13208)7/19/1999 11:31:00 AM
From: Larry Brubaker  Read Replies (2) | Respond to of 27311
 
John, it could be that the support for the stock at $6.5 in the past has come from the same people who have also accumulated a large short position. E.g., Castle Creek could well have been shorting at $7.5 and above, and covering at $6.5. If so, the fact that the short position has steadily grown would also suggest that at some point, they will decide not to provide that support (at least at $6.5) in the future.


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