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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (14489)9/10/1999 4:44:00 PM
From: kolo55  Read Replies (1) of 27311
 
Trading only very light volume.

Looks like this death spiral is going out with a whimper instead of a bang. Only 95,700 shares traded today, the lowest volume since at least August 1st.

Seems to me that the two camps weren't in the market today. Now lets guess why that could be?

The most likely theory is that CC and Valence have reached an agreement on the variable conversion issue, or at least are close to one. I suspect this is the case, and we may hear about it Monday (happy weekend to all you shorts out there).

Of course, a second theory, espoused by Zeev, has CC just waiting to resume the death spiral selling. I see a lot of holes in this theory.

BTW, I was buying at the close.

Paul
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