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

To: Zeev Hed who wrote (19468)	4/30/2000 8:43:00 PM
From: Mark Johnson	Respond to of 27311

Geez Zeev, you just can't resist throwing a contrary jab..I remember you were saying Valence was under tax loss selling the day before the first Qualcomm order... I think you're a great contrary indicator...you seem kinda' nervous. Do you monitor SI 24/7 ?? MJ

To: Zeev Hed who wrote (19468)	4/30/2000 9:14:00 PM
From: Pallisard	Read Replies (1) \| Respond to of 27311

"The way I interpret the current growing short position is that some big money has made a guess that they will win on this one." Any positive PR now would axiomatically be some shift in fundamentals which your hypothetical big money would not necessarily be apprised of, given Valence's closed mouth past behavior. If only a third of this is an accumulation of shorting by the coat-tail crowd (weaker hands), the revelation of these new figures should cause a considerable disturbance to the short holders even without PR. Remember that many of the non-institutional longs hold a considerable amount of stock, and they aren't selling. As you pointed out, there may now be very little available stock to borrow. Please don't feel obliged to respond Zeev, I think we know what our respective positions and biases are.

To: Zeev Hed who wrote (19468)	5/1/2000 8:13:00 AM
From: John Curtis	Read Replies (2) \| Respond to of 27311

"The way I interpret the current growing short position is that some big money has made a guess that they will win on this one." Based on an earlier supposition made by you, and one which I agree with, that it's most probable the "big"(whatever THAT means) money initiated their short position at a level considerably higher than current valuation, then it's safe to say they've already "won". The question now becomes; how long do the major players(those hiding behind INCA, et.al.s facade, and the bulls behind their respective "line") continue my much mentioned ASK gambit at this level; and how much pressure can both sides bring to bear to facilitate their relative positions in this little cyber-struggle we seem to be watching. Bottom line? It should be an interesting week. John~