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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (9149)3/12/1999 2:40:00 PM
From: John Curtis  Read Replies (1) of 27311
 
Zeev: "Selling pressure?" LOL!!! I don't think so, not with the volume as paltry as it is, made all the more insignificant by NASDAQ double counting rules. I see recent activity as indicative of everybody being right where they want to be with their individual tactics, and now merely awaiting something material out of VLNC corporate. The only thing of interest is every time VLNC's bid drops below $7 the bid size shoots up, indicating sumbody out there likes it when it happens.

Bottom Line? Smoke 'em if you like 'em, 'cause VLNC's treading water until there's news of significance.

John~
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