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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Mark Johnson who wrote (21464)9/8/2000 1:48:23 PM
From: Rich Wolf  Read Replies (1) of 27311
 
Block trades: I would interpret the large block trades as swapping between MMs or as delivery from the specialist to a large client at an agreed-upon price formula, of a block of shares accumulated over time. That's why those blocks never move the price. It's just the other side of the trades you were watching earlier, all lumped together.
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