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

To: Socalsteve who wrote (18416)	2/22/2000 7:28:00 PM
From: DFCampbell	Respond to of 27311

You asked for a guess..... Since the volume wasn't much and there was no news, or hints of news that I could find, I think the following explains the drop: 1) A few people were spooked by overall market conditions and sold. 2) Margin calls on other issues. 3) VLNC "stagnating" and the impatient moved shares out of their position. 4) Weakness in overall market and VLNC offers shorts some rays of hope and some ran with it. Of course, none of this is fact. Just a WAG from start to finish. Regards, DFCampbell

To: Socalsteve who wrote (18416)	2/22/2000 7:50:00 PM
From: mdf695	Respond to of 27311

Steve, This MM manipulation has been going on since the stock hit 37.Its the only way a large amount of shares can be accumulated by Inst. when there are very few shares available.If you look at level 2 you would see just a few hundred shares for sale on the ask.If you believe in the company forget about STOP LOSS orders.When the accumulation is finished this stock will reach new HIGHS.TO those who try to time the move good luck. Mike