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

To: William Epstein who wrote (11200)	5/18/1999 4:19:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

William: Hmmmm...one should consider that whoever's loading their basket(MM's, etc.) thus keeping VLNC afloat, are doing so at current levels. Meaning, quite simply, that they're expecting a goodly ROI based on this obvious ~$7.25 floor. As for those p.o.'s.....well.....sumbody wake me when they arrive... John~

To: William Epstein who wrote (11200)	5/18/1999 4:21:00 PM
From: Tickertype	Respond to of 27311

If they take it up for the end of the month, I think it's more than just a quickie this time. It may really BE time to take that often-cited advice and buckle up! - T -

To: William Epstein who wrote (11200)	5/18/1999 4:29:00 PM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

William, I don't think 'everyone' wonders why it's 'floating on air' at all. Only those not long the stock, who don't know the status of the product (meets specs, acc. to CEO) or the factory (ready for moderately high volume output now, and much more by end of summer as final bottlenecks at backend are expanded), would think there's no reason to be long the stock at current prices. Further, it's more than MMs keeping the price up. Many 'deep pockets' on the sidelines, who've tried to time their (re)entry into the stock, are getting antsy and having to up the bid. PO may be early June (sorry, John), or later in July (if Lev waits for the 'big ones' who are dragging their feet). But certainty of the event is becoming more widely accepted by the investment community. Once the PO arrives, all heck will break loose, since the 55 institutions who now only hold 'toe wetting' positions totaling 8% will be free to increase their stakes (since the company will then officially be a 'going concern'). Also those institutions currently under restriction will be free to jump on it. Certainly the underwriters of the secondary will do all they can to get and keep the price up. Shorts who haven't covered yet will be scrambling. It's going to be a fun summer. We're just waiting for the games to begin.