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

To: Zeev Hed who wrote (14487)	9/10/1999 2:08:00 PM
From: kolo55	Read Replies (2) \| Respond to of 27311

You are using stock price to predict ability to sell batteries? I went over this already... I believe the recent selling has been driven by the floorless concerns. Zeev, your whole floorless theory rested on the idea that CC gets more selling firepower as the price of the stock drops. Well, over the next week, it appears that CC will be stripped of a lot of selling firepower... in direct conflict with the floorless theory. The bulls don't have to drive the stock up at this point; they simply have to hold the stock around the 5 level, and strip the shares from CC. Time is on the side of the bulls here. I don't see any evidence of the major selling pressure we saw in August since last Wednesday, September 1st. Today again is very low volume. We simply aren't seeing the same pattern we saw in August yet. And I don't think its likely that the selling coalition will hit us with the same selling volume anytime soon (absent some negative news). As you have pointed out, we have established a trading range of sorts, with the lows around 4 3/8 and the high end at the CC fixed conversion price of 6.03. If the stock price tries to drop under 5, it will attract buyers, and in the high 5s, sellers. I don't think the selling coalition will attempt to test the bottom end of that range soon. And if CC doesn't convert, then after CC is stripped of shares, we may see an uptrend in the price. Paul

To: Zeev Hed who wrote (14487)	9/10/1999 2:10:00 PM
From: golden_tee	Respond to of 27311

<<long time support at $5.25 should have indicated that something is actually long behind "plan" and the stock's reaction was in diametric opposition to the Conf. C. interpretation (everything is nice and dandy and within a year we should be selling at the $75 MM annual rate), thus a repeat of the rapid fall (if we close under $5.25) is not only possible, but likely.>> Please explain how $5.25 is a long time support level? Seems you sure work hard to try to convince longs they ought to sell their positions. You wouldn't be short up to your armpits would you? You don't need to answer that question, you words are not believed, since your actions speak louder than your protests.