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

To: MGV who wrote (18234)	2/11/2000 11:06:00 AM
From: mooter775	Read Replies (1) \| Respond to of 27311

So they will sell. Big deal.

To: MGV who wrote (18234)	2/11/2000 11:21:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

MGV, of course, the addition of 3% to the float cannot be considered positive, but on the other hand, many of these shares will end in the hands of current stock holders (those that bought during the class action period), and as long as VLNC continues and show progress toward becoming a major battery manufacturer, whatever selling may be generated could be relatively easily absorbed without too much of a penalty. If you see the $29 to $30 area being breached, the story may change, but you must admit, that as of right now, VLNC had all the excuses the market provided to have a serious retrenchment, and so far, it is holding its own quite well. Zeev