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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Matthew Leo who wrote (1661)12/10/1997 9:11:00 PM
From: shasta23  Read Replies (2) of 27311
 
You said:"It seems the sell order came in and the
stock was taken down till buyers could be found."
I guess it's that simple. The market is an auction and there were no buyers stepping forward but the ripe tomatoes had to be sold and therefore the price was lowered. Ripe VLNC (rhymes a bit with melons?)! today 10%off! Anybody wants to but ripe VLNC! Now 15% off! SOLD to this friendly gentleman here! Stock in the bargain bin!!
Well why does it get into the bargain bin? Normally Not because it has a great quality. It's maybe last years model ( haven't heard anything from FMK's friend Wolanchuck lately- wasn't he the one who said: buy it and put it away? well the stock is a year older and trades at the same price, great return for the year!!;-(( ) and nobody is interested any more. Maybe a salesperson should come forward and explain all the great features of this product to the public so that people don't thing that "ripe VLNC" belongs in the bargain bin.

STefan

P.S. Since i see that your main interest is in the microcap area...is this still all in the realm of normality in this arena due to the relatively low trading volume or does this look a wee bit fishy to you?
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