SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J. M. Burr who wrote (5679)11/30/1998 11:33:00 AM
From: Gordon Quickstad  Read Replies (1) of 27311
 
MM's are taking advantage of some profit taking. On a smaller issue like this, they like to take out the stop losses investors have placed, every so often, by amplifying a selling trend, so they can cover any short position they might have with the cheaper shares.

Plus, there's profit taking in the broader markets. That makes buying support weak for the time being. If the shares are marked down this much already, maybe if we wait they'll go down even more - like those magazine subscriptions we don't renew.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News