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

To: Dennis V. who wrote (14885)	9/28/1999 10:43:00 AM
From: kolo55	Read Replies (2) \| Respond to of 27311

Large seller is in the open. This morning the same market maker who has been selling all through September put 11,000 shares up on the ask at 5 1/16. Its still sitting there. I believe this is CC. This seller has been unwilling to drop below 5 over the last four trading days to sell. CC appears to have come out in the open, and is saying, "We're selling, and here is the price we will sell at." Now they are waiting for longs and shorts who want to cover, to decide whether they want to buy the shares at that price. This probably means we will be locked at 5 until CC is out of shares (or we get a PO announcement <ggg>). Looks like the bottom, and top, for awhile. Paul