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


To: Robert Cohen who wrote (20261)6/26/2000 9:01:00 PM
From: Richard M. Jimmink  Read Replies (1) | Respond to of 27311
 
Robert,
Did you do the 100 K shares or the 120 shares number?????!!!!!
Dick



To: Robert Cohen who wrote (20261)6/26/2000 11:41:00 PM
From: Rich Wolf  Read Replies (2) | Respond to of 27311
 
Robert, there was a 100k block traded between MMs, probably to fill someone's buy order. But the volume at the end wasn't that much. Check out this one-minute chart:

charts-d.quote.com:443/962076789080?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:VLNC&Interval=1&Ht=400&Wd=600&Display=0&Study=VOL&Param1=&Param2=&Param3=&FontSize=10

Most of the day, when I saw it, there were a couple of MMs down around 18 5/8 and nothing between them and 19. Not surprised that when someone came in to buy a few 10k's at the close, the stock got marked up. We'll just have to see if the sellers keep the price down here if the buyers are also here. So far, the big buyer(s) who was(were) in a hurry has backed off a little from Thursday, but the support is strong.

My WAG is that it is a delayed reaction from Lev's presentation at CIBC, nothing more. The audience members reportedly were quite new to the company, and would have had to do some homework before investing.

Now, as to the timeline for all the other events we anticipate happening with the company, I would refer you to Lev's comments on the last conference call. I don't think the buyers know any more about timing than we do. But that's just IMHO.

Regards~