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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: DKR who wrote (2722)4/22/1998 3:00:00 PM
From: John Curtis  Read Replies (1) of 27311
 
Has anyone else noticed a pattern here? What pattern? Oh, the one that's been repeating just about on a bi-weekly basis. VLNC moves into the mid $5 range, stays there a few days then suddenly drops back to the mid to upper $4's where it languishes on zilch volume moving back and forth from ~$4.60 to $4.87... Then just as suddenly it'll surge back to the mid $5's. This has happened several times over the last few weeks. It has all the appearances of....dare I say this......manipu...., eh, market making activity going on. Heh!

Of course, that's just my observation. I could be wrong. Whatever its cause, as a VLNC bull I can only say THANK YOU cause it certainly keeps my buyzone activity buzzing.

Regards!

John~
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