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

To: Larry Brubaker who wrote (9319)	3/14/1999 1:27:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Larry, I heard almost 100,000 shares. 80,000 is almost 100,000. If most of these were exercised on Thursday, isn't there a 3-day period for settlement for the writer of the calls to deliver the stock? If so, someone may be scrambling Monday to obtain the shares to deliver under the contracts he sold, if he didn't own the stock outright. My point is that call options definitely were exercised and I later heard more specifically that 80,000+ were exercised. I didn't manufacture the information as Zeev implied. The sudden appearance by two new posters attempting to trash Valence and calling it a fraud plus dozens of posts by Zeev and yourself could very well be explained by someone in a bind, having to come up with 80,000 shares of stock at market prices on Monday, and by others being worried about covering their short positions (1mln shares or so outstanding). Think about it, it's not something I would do, but wouldn't you post negative opinions if you had to buy thousands of shares at market prices?