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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Paul Dubsky who wrote (1660)12/10/1997 7:38:00 PM
From: Matthew Leo  Read Replies (1) of 27311
 
My guess is there was a player who wanted out and sold approximately 25,000 - 50,000 shares. 8,500, 10,000, 2,000 and assorted others traded at 4 5/8. It seems the sell order came in and the stock was taken down till buyers could be found. At that point, the deck was scrambled one more time and things had to settle. When it was over the price began to come back.

So goes the life of a micro cap investor.

It is a shame that Vlnc management will not step forward and calm the waters.

regards
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