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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Socalsteve who wrote (18416)2/22/2000 9:16:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
I was concentrating on RMBS today, so I did not see the sudden walk down on VLNC, but from what you describe, it seems that the MM's were trying to accommodate a "friendly" buyer, that should be bullish if we can respond to the slightly better market sentiments and close back above $30 tomorrow. It will be interesting to see tomorrow if those large ask's are still there in the low 30. Just an opinion derived from your observation, of course.

Zeev
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