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

To: I. N. Vester who wrote (15966)	11/11/1999 5:47:00 PM
From: Zeev Hed	Respond to of 27311

I.N., I would say that 90% of the time, the professional hedge funds succeed in their short positions. When they have a floorless on their side, it is like shooting fish in a barrel. Now that the floorless is disappearing, there is a chance of a turn around. That was the essence of my comments over the last year, fighting the shorts, particularly when there is a floorless position is futile, so said the Borg(g). Zeev

To: I. N. Vester who wrote (15966)	11/11/1999 7:56:00 PM
From: kolo55	Read Replies (3) \| Respond to of 27311

Great post... and I think your analysis is on the mark. It is really clear now, more than ever, that we were fighting a well organized selling coalition, intent on driving our stock to 3 and below. Given the way they capped the buying today, these guys were probably going to pound us after the conference call today... Thank God, we had the PO announcement. I must admit I underestimated the firepower that these guys would bring to bear on Valence stock. It is clearly more than CC alone could bring down on our thinly traded stock. The other short bandits have brought a huge amount of firepower with them, and it is now clear that about half of the short interest of 2.8 million last month was NOT Castle Creek, but rather other shorts. I feel sorry for companies that have had to weather these kinds of attacks without the deep pocket shareholders and insiders to support the stock price. Whew, these guys are tough. I think we will do well in our investment as more POs are announced in the weeks and months ahead. Paul