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

To: john t. brice who wrote (16195)	11/16/1999 2:42:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

John, <<Paul, Rich, and others have speculated on where the large volume of selling has come from recently, maybe you could come up with a plausible hypothesis about where all the buying is coming from.>> john, I could come up with several plausible hypotheses. You might not like some of them:-) Let's go through a few. First, certainly today illustrated consistent buying throughout the day. No doubt about it. However, there were very few large blocks bought. Almost nothing over 5,000 shares. Some guesses: 1. Word is getting out that VLNC has finally solved its problems and buying was for good fundamental reasons. 2. Momentum players saw VLNC break through resistance at $6.50. 3. The same people who drove the price up a year ago to $11 during the hype spike. 4. Which possibly could be Castle Creek and friends after covering in the $4s and $5s now driving the price up to begin a new round of profitable shorting. Take your pick. Cause I certainly don't know:-)