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

To: Larry Brubaker who wrote (15973)	11/11/1999 8:26:00 PM
From: kolo55	Read Replies (2) \| Respond to of 27311

That was true for the last three days. REDI has been the primary seller for the last three days, likely selling over 50% of all shares that eventually changed hands each day. Today, REDI was likely responsible for over 70% of the shares sold. INCA, another market maker CC used in September, accounted for a fair number of the remaining shares sold. REDI sold a lot of shares in August. We have never seen REDI buy a lot of shares in the last three and a half months. All this means that REDI is either CC, or a short member of the selling coalition. Today, I suspect REDI was CC selling shares to cap the price, and let other short friends in the coalition cover. This is what INvestor was suggesting... I can't come up with another reason for such strange behavior over the last three days. This looks like an end game exit strategy for the shorts to extricate themselves from a death spiral situation. What do YOU think REDI was doing selling over 400k shares today? Paul