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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (925)8/6/1997 12:19:00 PM
From: Matthew Leo   of 27311
 
<<Playing with your hand open is EXACTLY what you're doing on NASDAQ>>

John, that applies to limit orders (you are telling the world where you intend to buy or sell). If you simply place orders at the moment you deem proper no one knows your strategy. All exchanges are similar in that regard.

<<I'd say the MM's are adding to their "stock pile." Why? >>

MM's sell from inventory - buy low sell high. When out of inventory - short - bring the price down - cover - buy more. Well you get the
idea.

I believe we are going higher - other technical views??
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