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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (12467)	6/29/1999 3:28:00 AM
From: William Epstein	Respond to of 27311

Larry Brubaker; The shorting started at 10 AM and continued until 11 AM. The large blocks were broken up by the MMs into bite size, 5,000 share units. At 10:15AM the price shot up to 7 3/4 and then fell back during the next 5 minutes. During that period about 150,000 shares moved across the board. Almost all of it was selling. You may have seen small blocks but the didn't amount to much of the volume during that period. I checked volume accumulation and instead of peaking as it did in previous price peaks it fell 100,000 shares today, below the 0 mark. Today, trading was very negative. Stochastics have not gone above 80 which is the necessary figure for this stock to rise. The only hope I have for any more rise in price is to try to read the volume accumulation figure as a contrary indicator. Not good. Bill