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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (9800)3/25/1999 4:07:00 PM
From: Larry Brubaker  Read Replies (3) of 27311
 
Zeev, I would be quite surprised if a purchase order is in the air, given that the SEC filings say they haven't sent out commercial samples yet.

This stock has jumped like this out of the blue on high volume many times over the last few years and it has always (so far) turned out to be a false alarm.

My theory; Castle Creek did some short covering (no volume restrictions on them buying the stock) to start it on its way back up to where they want to short it again.
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