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

To: Greg McDaniel who wrote (16266)	11/19/1999 12:27:00 PM
From: hcirteg	Read Replies (1) \| Respond to of 27311

Hi Greg- Been playing the options game for a long time. I find it hard to beleive it will close below 7 3/4...when it hit that today, the bid size jumped...there are buyers there holding up the game... At the end of the day, if we do not get near $7.50, then there is no reason for the MM's to hold back the price. There are plenty of buyers it looks like. $9 may be too aggressive, but the bounce of 6 15/16 looks like a clear case of clearing some limit sells. The stock, even today, looks very, very strong. The best of luck to you. HC