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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (11130)5/13/1999 11:49:00 AM
From: Rich Wolf  Read Replies (1) of 27311
 
Re: today's tape: someone may be dispersing a large block (100k).

Using the link provided a couple of days ago (thank you!):

thomsoninvest.net

and putting in the VLNC ticker, one can see that at 9 AM there was a "sell interest message" for a block of 100k shares. The site defines such messages as:

"Interest Messages: These messages serve as a way for broker/dealers to send real-time indications of interest to buy or sell securities. Interest messages are not binding, but merely offer an indication of which broker/dealers are actively seeking to trade a stock. Generally, the messages serve as means for the broker/dealers to say to institutional investors, 'Give me a call and we'll talk about a trade.'"

The buyers are clearly there, since the stock hasn't dropped measurably. It will be interesting to see the final tape today.

Thanks again for that link (DennisV?). I anticipated this action because of it.
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