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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (9432)3/15/1999 10:33:00 PM
From: golden_tee    of 27311
 
I studied the last options expiration move of VLNC in detail. It did not follow the "least pain" theory, but rather the "nearest strike" theory. However, VLNC longs buying kept them from hitting the strike on the nose in the final 10 minutes. The Monday after, it bounced back to the Thursday close price.
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