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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Gordon Quickstad who wrote (1425)11/20/1997 11:23:00 PM
From: golden_tee   Read Replies (1) of 27311
 
Has anyone considered the fact that he registered to sell those shares because he is expecting a major price surge near term and wants to take advantage of it?
My read on today's activity is that it was momentum traders shorting 10k blocks (I watch every trade on QuoTrek). If they fail to break the current support, you can look for a rapid price increase as they try to e as the try to cover.

Bob
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