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

To: John Curtis who wrote (13833)8/19/1999 2:48:00 PM
From: Chisy  Read Replies (1) | Respond to of 27311
 
Looks like a two day reversal to me accompanied with great volume.



To: John Curtis who wrote (13833)8/19/1999 6:13:00 PM
From: Zeev Hed  Respond to of 27311
 
John, in the floorless mode they get a lookback period, does anyone remember what is that look back period? Also it is the average of the lowest bid, and in many floorless sat a discount thereof. I do not remember the details of the floorless conditions once it becomes floorless, but in response to Larry's Comment, they can short with impunity due to the "Lookback" clause.

Zeev


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