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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Chisy who wrote (11114)5/12/1999 9:59:00 AM
From: Dennis V.  Read Replies (1) of 27311
 
Chisy, Ram noted that VLNC was trading "funny" yesterday. I noticed a slight sell off around 1430, as was seen by others. A while later, it came to our attention that the expected notice of delay in the shelf registration was filed as an S3-A. Since some traders sell on news, it was inferred that traders or marketmakers were messing with the spreads, volume and price at the time, and that this was possibly related to the filing.
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