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

To: mooter775 who wrote (11610)	5/31/1999 5:52:00 PM
From: William Epstein	Read Replies (1) \| Respond to of 27311

Mooter; That's exactly what I said in #11604. You'll find, as we go along, that I am a market technician. If it doesn't happen, so be it. One thing about the short interest though. There is a big difference between public shorting and MMs or specialist shorting. They use it for different reasons. If the shorts are MMs then they are using it to control price (keep the lid on) and there will be no big squeeze. The stock will drop so they can cover and accumulate with the profit. That is the time to buy or margin. If it is the public there will be no drop, just a squeeze. Either way they will use it to take profit in the form of stock, shake out the margin accounts and then move up. Does anyone know where there bulk of the shorts are held? Usually 85% of all shorts are the specialist or the MMs. However, there are exceptions. Knowing the difference is important! Bill