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

To: DKR who wrote (3884)	8/22/1998 2:05:00 PM
From: kolo55	Read Replies (5) \| Respond to of 27311

Part 3: The End Game Now what? If the scenario is correct, the short sellers and manipulators should close their positions just above 3.50. If the stock remained at that price for any length of time, all the margined shares would be converted to cash shares, and there is no margin forced selling to drive the price any lower. The market makers would seek to rebuild inventories of Valence at that price. As for timing, the risk of an impending announcement from Valence increases each day. The short term traders would want to neutralize their positions and avoid this risk. So if this scenario is correct, the players of this game, would want to close their positions fairly quickly, while price is below 4. Postscript: Now review these posts with this in mind: Message 5538025 Message 5559668 Message 5560093 Message 5563881 Either the author is very unknowledgeable and uninformed, or a particularly slick operator and liar. Readers from the thread can form their own opinion. Paul