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

To: Zeev Hed who wrote (14691)	9/20/1999 4:27:00 PM
From: Eli74	Read Replies (1) \| Respond to of 27311

A possible, and admittedly fanciful speculation that struck me this morning. The near total lack of news from the company could mean that, surprise, surprise, that there is no news. It could also mean that Father Lev is keeping things even quieter than usual to spring a surpise when the quarterly earnings statement is released in a few weeks with the goal of causing serious pain to them that have shorted the stock. Entirely fanciful, I will admit, but fun to think about. Eli74

To: Zeev Hed who wrote (14691)	9/20/1999 6:32:00 PM
From: add	Read Replies (2) \| Respond to of 27311

This stock looks dead until we get a PO or a lack of one in the next two weeks. Looks like everyone is holding their breath. The stock is not rising because everyone has fully bought. That's why it drops with very little selling pressure. Likewise, the shorts aren't selling because they too are waiting for some news. You wouldn't want to be shorting into the PO announcement. We are due for some news. We should see the stock continue its recent trend of very slight declines on low volumes until an event.

To: Zeev Hed who wrote (14691)	9/20/1999 9:26:00 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Zeev: Today, Yom Kippur could have been the day for you to atone for your sins against Valence shareholders....and you squandered the opportunity....Shame on you!!!

To: Zeev Hed who wrote (14691)	9/21/1999 12:05:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<Paul, by August 9th we had already much more than 2 MM short. My point is that the great majority of the short position is making money, no urgency to buy, the great majority of the long position is under water and thus a source of selling, until the fundamental situation changes, namely, where are those PO's.>> Zeev, there were 2.3 million shares short by July, when the price was still above $7. Assuming most of the shorting was done at the upper end of the trading range ($6.50 to $8.50) of last spring, as well as the spike to $11 last winter, I don't think it is unreasonable to assume the average price of the 2.3 million that was short by July is above $7.50, and probably closer to $8.