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

To: kolo55 who wrote (14882)	9/28/1999 8:57:00 AM
From: kolo55	Respond to of 27311

One more possible explanation: 5. It is possible that CC had boxed previous short sales by buying long shares, and keeping the short position open. Then in late August and September they sold the long shares, leading to an increase in net short position. Unfortunately, we will never be able to know this from the reports. This is why compliance with the SEC regs requiring monthly reporting of position changes by large shareholders who beneficially own more than 5% of the stock is so important. Without those reports, large shareholders have the ability to move very large amounts of stock around, to their benefit, while other shareholders are in the dark. The loophole in the financing that permitted this is likely legal, but clearly evades the intent of the SEC regs. We shouldn't need to guess what the changes are in CC's stock position each month. We should know from their 13d filings with the SEC. This is frustrating. Paul