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

To: Rich Wolf who wrote (9241)	3/13/1999 2:51:00 PM
From: FMK	Respond to of 27311

A reason why the shorts should be worried(one of many). A broker told me that a company official recently told him that if the market understood the importance of the phosphate patents, the stock would double overnight. I believe Lev is returning from a trip that included Japan. There may have been some important negotiations there! How many "programs" have been in place for a long time, with one or more ready for a first large shipment? Someone short or holding puts expiring next Friday seems to be doing their best to beat the stock price down and cover. So many negative posts would seem to indicate substantial anticipation of positive news! I will be looking forward to an explosive week, on the upside!

To: Rich Wolf who wrote (9241)	3/13/1999 3:43:00 PM
From: I. N. Vester	Read Replies (2) \| Respond to of 27311

Zeev has always painted CC as a vulture, and one with unusually sharp 20-20 forsight into exactly what the stock will do (he always assumes they shorted all their shares at any market top). The fact is that CC has an unhedged long position of 1M+ shares. This position is at full market risk since late Dec. when they gave up the variable conversion option. They also accepted terms on the B series which strongly limited their ability to short the stock by putting on daily limits. Zeev and his puppy Larry keep insisting that the CC financing deal shows that vlnc was desperate and that the only deal they could get was very bad for shareholders. The facts have proven them wrong, but they still keep singing the same old tune.