VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (18587)	3/7/2000 4:25:00 PM
From: Tickertype	Read Replies (2) of 27311

No, I don't agree it's due to overvaluation - if it was, people could have sold before today and taken bigger profits. Today, just like yesterday, it also dropped significantly in the last 1/2hr on very small trades. Looks like MM's taking out stop losses and margin players in order to load up their bank for the next runup. Today's overall market action no doubt caused a lot of portfolio readjustments, and VLNC probably suffered some as a result. The next few days will show which theory is correct. Stay tuned. - T -

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