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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (1415)11/20/1997 3:59:00 PM
From: Emmo  Read Replies (2) of 27311
 
I understood the price weakness to be the result of the problems in South Korea. The currency there dropped 10% yesterday and is expected to drop another 10% before things calm down. I am assuming there are investors who may feel the Korean deal may be at risk. i.e. delayed or cancelled. and the price of VLNC is being pressured. I bought more shares because I don't think we will see these prices again. These fishy drop in prices are IMO how the MM's fill orders for their large customers.
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