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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: steve leftwich who wrote (2147)2/13/1998 6:36:00 PM
From: mooter775  Read Replies (1) of 27311
 
One interesting item about today's trading in VLNC is that the volume, nearly 800,000, represents, I believe, the highest single day volume since mid-September, when the stock was in the 7's.

A second interesting item was that at 3:30 the stock was at 6 11/16 bid on nearly 780,000 shares, so I guess the final trading back to 6 3/8 bid was probably traders and market makers lightening up for the long weekend.

I tend to think it has much more to do with continued progress on the lines and on the coating/laminating equipment than on any positive recommendation on NBR. Tuesday should be very interesting.
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