VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jay Lowe who wrote (16236)	11/17/1999 2:14:00 PM
From: J. M. Burr	Read Replies (2) of 27311

The trading late yesterday and all day today has been very curious. The "shake-out" came earlier than usual this morning but resulted in very little panic selling and offered a great buying opportunity. Then, as the price inched up it was met by resistance at the 7 15/16 level; every time a breakout seemed imminent some 5-10,000 shares appeared at the ask. If I had to evaluate what is happening it would appear that someone with a large holding is desperate to dump VLNC -- and I will let you guess why. (Remember, my predictions are 84% correct 49% of the time.) Sorry, I don't have access to MM activity, but wish I did!

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