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

To: kolo55 who wrote (14887)9/28/1999 11:06:00 AM
From: Larry Brubaker  Read Replies (2) | Respond to of 27311
 
Paul, all of those scenarios you just mentioned ignore the obvious.

The short interest did not rise because whomever was shorting to drive the price down also covered at the bottom. Just as I predicted. And just as you claimed was not happening, based on your exhaustive scrutiny of Level II.

In short, whomever drove the price down replenished their ammo at the bottom. Round one was only the opening salvo in the death spiral. Round 2 is under way. IMO



To: kolo55 who wrote (14887)9/28/1999 12:20:00 PM
From: MGV  Read Replies (1) | Respond to of 27311
 
"This seller has been unwilling to drop below 5 over the last four trading days to sell. This probably means we will be locked at 5 ..."

Trading under 5 (4 13/16) as I write. You are on a roll klemencic.


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