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

To: Pallisard who wrote (14637)	9/16/1999 3:42:00 PM
From: Bob Childers	Read Replies (1) \| Respond to of 27311

Rich, Paul, or... Would someone comment on this post from Yahoo? I'm a little slow w this one. Thanks, Bob Options trading info: 700 + 700 by: skyhi111 15755 of 15765 Actually, there was a single block of 700 Dec5 calls that was BOUGHT (not sold) from the ask yesterday, as the open interest count the next day verifies. Simultaneously, there was a single block of 700 Sep5 calls that was SOLD to the bid of 15/16 yesterday. HOWEVER, in this case, the open interest today did not increase by this quantity. I theorize that there was a prearranged swap to flush shares through the options market: someone sold to the bid, the bidder knew to place an order for that same price and quantity. Result: 70,000 shares were 'sold' at 5'15, without moving the market. AND those contracts were immediately exercised, so the open interest didn't show the trade when it was done. Pretty slick, eh? Looks like 'share laundering' to me, heh!! Now who would do that????