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

To: J. M. Burr who wrote (16238)	11/17/1999 2:22:00 PM
From: Jay Lowe	Read Replies (1) \| Respond to of 27311

Oh, I don't know about that desperate to dump thing. Maybe they are just working to a plan. Maybe they bought around 4 and their rules tell them to take some profit now. Maybe they plan to reduce their holdings, or maybe they simply expect to take some profit around 8 and buy back later at a lower level if they can or smile if they can't. I myself hope we drop pending another PO announcement, which I think is reasonable to expect, so I can accumulate some more. Everybody works to their own plan, eh? ... or impulses maybe.

To: J. M. Burr who wrote (16238)	11/17/1999 4:30:00 PM
From: Ray	Read Replies (1) \| Respond to of 27311

"Then, as the price inched up it was met by resistance at the 7 15/16 level; every time a breakout seemed imminent some 5-10,000 shares appeared at the ask. If I had to evaluate what is happening it would appear that someone with a large holding is desperate to dump VLNC -- " I am not much good at this kind of analysis, but I offer a less than desperate reason for unloading some VLNC shares. Perhaps the entity that has been suggested here as fighting the shorts attack wants to unload some of the many shares purchased because (1) it simply has more shares than it wants, or (2) it needs or wants to reload with money to prepare for another possible shorts attack.