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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (5778)12/8/1998 9:55:00 AM
From: John Curtis  Read Replies (3) of 27311
 
HC: It looks like some "tree shaking" is going on, combined with folks probably having put stop losses out there where the MM's can see 'em. And you know how they just luuuuuv to take a bid down and scooop them up if the circumstances are right....and right now the circumstances are right, eh?

However, it looks like the volume on the bid side is picking up and now exceeding the ask size which usually means a recovery....at least over the short haul. Let's see how it goes.....

John~
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