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

To: Larry Brubaker who wrote (13369)	7/23/1999 11:45:00 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Larrrrr: Did (scur or fibr) have a billionaire on their BOD's. I've documented that fact.....Can you do the same?

To: Larry Brubaker who wrote (13369)	7/24/1999 2:22:00 AM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Larry, one that comes to mind was a Chicago-based telco equip mfgr that CC financed last year, too. For some reason I'm blanking on the name, so I couldn't post that. With your thoroughness, perhaps you can dig it up? It was a company that has been around for some time, and didn't seem to have terrible problems with their balance sheet. I want to say they're a supplier to the local Ma Bell. BTW, repeating empty correlations does not make them more true: as my prior post stated, there's nothing I could find that showed that CC caused SCUR's price to drop. But when it suddenly fell to 1/4 the conversion price, and given they had not been able to short against their whole position yet, and had not converted and sold, why of course CC would implement the trap door. That's why it's there, as a hedge against just that risk: that SCUR would stumble. And the risk clearly inherent in SCUR was why they financed w/ a smaller outfit. However, in Valence's case, the risk has rapidly diminished this last year, and I believe this will be evidenced shortly. I like the technical rebound we just saw, and the strong support for the stock. I expect we'll get more incremental financing at similar terms until the first measurable POs allow either loans or financing a larger sum at higher shareprices. With a conference call due up around the 15th of August, we ought to hear something before the call, don't you think? Now, suppose we actually see some POs start to roll in during the next month or two. How fast will the shorts cover? I include CC here, since they'll cover for the runup as well; probably squeezing the main short position even more. Have you calculated the extent of the squeeze? With the reluctance of the longs to sell at this point in time, even during such tests as last week, I expect they'll be even more desirous to let the stock run a long time before selling.