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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (15062)10/5/1999 4:06:00 PM
From: Rich Wolf  Read Replies (1) of 27311
 
Larry, if you've been watching you've seen HRZG buying in 5k blocks at the bid, for a couple of weeks now. When the shorts sell to him, he just keeps reloading... and reloading... and reloading...

This is not some 'small retail client,' but has the earmarks of a larger investor. So reassess your interpretation.

If you talk to any of the shorts, tell them they are really wasting their time, selling so fanatically. They swapped shares with CC today (maybe just phony 'hot potato' trades), and waited at $5 to begin their push with half an hour to go. What did it get them? Nada. It ain't paying off now, it ain't gonna pay off tomorrow or the next day.
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