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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (12913)7/9/1999 10:30:00 AM
From: Larry Brubaker   of 27311
 
<<At 6.875 per share, it amounts to about 285,000 shares that index funds will buy if they are to truly represent the index.>>

Fred, I see that exactly 1,500 shares of VLNC have been bought so far this morning. Maybe the index funds already bought last week?

<<Now that it is official, as Russel members have been notified, some of the shorts may be getting a little nervous and want to cover.>>

Yep, those shorts must be terrified of all of that buying going on today!
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