VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Matthew Leo who wrote (1562)	12/5/1997 4:33:00 PM
From: Paul Dubsky	Read Replies (3) of 27311

I was following VLNC trading throughout the day (when available) and didn't see any large or unusual blocks, just a bunch of 500s and 1000s. It's interesting that the bid was brought down to $5 3/8 at the open from a $5 5/8 close, but it was strong all day long up to $5.75, touching $5.875. End of the day drop, as you say, customary with the last few days of trading pattern. I feel that someone's accumulating the hell out of these 500 and 1000 share trades. The short term chart looks good to me as well, as we had a very high volume trading day on essentially no price change, although the support was around $5.75. I too look for a move up very soon, probably back to the $6.5 to $7 level. It will be choppy, but it seems clear that no one is dumping the stock, just slowly accumulating. Where's an official response from the company???

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