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

To: Tickertype who wrote (20160)	6/21/2000 4:06:00 PM
From: Tickertype	Respond to of 27311

This is really funny. For the fourth day in a row, somebody has neatly moved it up a fraction in the last two minutes to close at exactly $15. And not a penny above. - T -

To: Tickertype who wrote (20160)	6/21/2000 4:24:00 PM
From: John Curtis	Respond to of 27311

T: VLNC's trading days have been tight, true. But today's the TIGHTEST day since waaay back prior to its highs. And you're right, the late afternoon trading was "funny" to watch. There'd be a bid/ask size of 1x30, yet the spread between the two would be sumthing like $14.875 x $14.93. And it wouldn't move despite what, from the bid/ask arrangement, should have been a sale sufficient to move something somewhere. And this has been going on, to the tune of your aforementioned ~200K-300K, all day today, yesterday, etc., etc.. It looks for all the world like folks are rearranging the monies within their respective pockets, for all the volatility that daily trading volume DOESN'T cause in such a thinly traded equity as VLNC. Also, the market does seem to like having VLNC snuggle up as close to $15 as possible, but oops, oops...dare it go over $15 and suddenly that bid/ask size differential seems to have an impact and back under $15 it goes. Wonder of wonders.... Now I'll grant you I may be obsessing a wee bit over the intra-day minutia, but still....it's almost hysterical to watch. Ultimately I suppose it all means folks are biding their time until something material happens. Now let's see if the same thing happens tomorrow. John~