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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Stefan Andreasen who wrote (1918)1/15/1998 10:57:00 AM
From: Larry Brubaker  Read Replies (2) of 27311
 
Stefan: Looking at the one minute chart, I see some big time buying and big time selling going on. Earlier this morning, there were some pretty good sized blocks that appeared to be buys that took it to $5.31, then a major sell of over 30,000 shares; back down to 4 7/8.

Judging from the past few days, it looks like at least one institution is doing some buying, but at least one is also selling, although the seller appeared to take yesterday off.

I read in the Wall Street Journal yesterday that the manager of a small cap technology fund is getting out of stocks entirely for now. Maybe whoever is selling these big blocks is doing so for similar reasons, rather than having any knowledge of impending bad news?
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