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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (3601)8/9/1998 10:39:00 PM
From: MGV  Read Replies (1) of 27311
 
"The whole price movement scheme on those days is academic, mostly MM manipulation."

You beg the question. There is evidence suggesting that the down volume was significantly higher than the up volume. Overall the stock trended down last week, did it not. If larger blocks were being dumped and MM's sold back to smaller buyers, the price action is not very healthy. Regarding the feigned gaps up, the stock closed down for the week. There were no gaps up in the down week unless you are groping for pyrrhic gains. Besides what is 8% from 4 5/8, even if it could have held (though it did not). The discussion on this thread suggests that some of you are way too close to this investment (for the puckered semanticists among you "speculation"). Back away, clear your head, then try taking a second look.
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