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

To: kolo55 who wrote (14897)	9/28/1999 2:02:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Paul, are you sure these are "attackers", could it be related to market weakness in general and some investors needing to raise money for margin purposes. The buyers do not have "infinite" resources and right now, that bid of 10,000 has been taken out, it could retreat rapidly from here until the buyers decide "the price is right". In any event, I still think that the signal for a break was given last week when the buyers decided not to defend the $5.25. Thye bid size has gone to zilch, an indication that the onslaught remains unchallenged. Zeev