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

To: Chisy who wrote (13484)	8/4/1999 12:12:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Looks like all the mystery's been taken out of VLNC. How's that? Well, from what I can tell Mr./Ms. Big Bucks has clearly decided that VLNC will go no further down than $6 1/8. At least, as of now anyway. Why do I say this? Because, from the data at hand it's apparent someone keeps plopping a big block buy "cork" down on that $6 1/8 line. A block which has been averaging 10,000 shares per "plop". This leaves not much for the shorties to do since they're not up to the challenge of breaking down the cork. But the bull's don't appear to have any confidence, either, because the buying is anemic. Hmmmm....guess VLNC's in a holding pattern right now, with slight accumulation going on by Mr./Ms. Big Bucks...... So although I'm still convinced VLNC is range-bound, currently it appears the low end of the range is being stretched out. Yaaaawwwn, guess we have to wait on some news from management. Now....about those OEM p.o.'s...... Regards! John~