VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bill Holton who wrote (2110)	2/11/1998 2:13:00 PM
From: shasta23	Read Replies (1) of 27311

Seems that there are not only buyers out there since the price dropped back to 5 1/8 to now 5 1/4. Oh well i take the close above 5! Another reason of this might be that the MM had to harvest all the asks up to 5 11/16 to fill a large order without much working on it(to make the accumulation less obvious). Then some supply came in and the price now stabilized at this level. Volume isn't increasing that much any more and the dust slowly settles. Just a thought, i'm not too experienced in the matter of MM tactics. I just hope we can hold 5 1/4 which gives us a little distance to the edge (meaning the $5 mark). Stefan

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