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

To: kolo55 who wrote (14105)	9/1/1999 1:18:00 PM
From: kolo55	Read Replies (1) \| Respond to of 27311

Looks like our seller showed up slightly late this morning. He hit the bids with about 60,000 shares about 10:25, instead of right after 10:00 ET like yesterday. He must have been caught in traffic this morning <VBG>. A Correction to my last post: On July 27th, they could have been already short against much of the tranche, as you imply in your post. They had plenty of opportunity to short at a price of 7 or higher in the last six months, about a buck above their conversion price. Right now if they are shorting, they must be doing it about 30-40 cents below their "locked-in" conversion price.