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

To: P. Ramamoorthy who wrote (17315)	12/28/1999 1:21:00 AM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Re: "Crystal balls" ... someone else thinks they have one, too: there were 205 June 25 call options traded today, at $6 1/2 , which appear to have been purchases. (ie, in that case, over $130,000 was just bet on the share price being over $31.50 in June.) Hmmm... There are also 2074 June 15 puts open ... that's a lot of downside protection, eh?

To: P. Ramamoorthy who wrote (17315)	12/28/1999 7:56:00 AM
From: MHS	Read Replies (2) \| Respond to of 27311

Ram, I agree with your credibility indicators. But I think you need to add who purchased the stock -- Capital Guardian Trust. In my research, they are very well respected and believed to do top flight analysis before buying. In fact, I believe that who bought is as equally, if not more important, than the financing itself. mhs PS -- and no, Larry, no one I talked to believes that they sold right away. They are long term holders in their equities, not players.