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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (12925)7/8/1999 9:50:00 AM
From: Larry Brubaker  Read Replies (2) of 27311
 
John, when this selling began (during the conference call), the price was more than $1 above the $6.24 purchase price of the new investor. Assume for the sake of discussion that the seller is the "new investor" and he manages to unload all of the 480,000 shares at an average profit of .75. That would result in a 12% profit on $3 million in a week or so. I wouldn't be so quick to dismiss this theory out of hand.

Maybe you have a better idea of who is doing the selling?
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