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

To: John Curtis who wrote (1515)	12/4/1997 11:16:00 AM
From: Paul Dubsky	Respond to of 27311

I got more at $5.50! I don't know when this will stop. Re: Margin on VLNC - Well, I am now. Portfolio swings have been pretty depressing. Glad to have some PETM at $6.50 (now at $7.50). I also find it interesting that during the first hour and a half of trading, of about 250,000 shares, there was only 1 large block trade! The volume would seem to indicate that everyone's dumping, but apparently, not the big boys. Also, this block trade just showed up around the $5.25 range, so it probably was a buy, especially since it's on a small rally to $5.50. This indicates to me that the big boys aren't selling, but are in fact picking up the pieces being strewn about by the little guys selling under margin or limit. I hope all of you "little guys" have held firm. With the # of shares I've picked up recently, the next trade I make may be a block trade! Anyone know what classifies as a block trade, per Stocksmart? Also, I've always thought that a higher bid volume (vs ask) was bullish, meaning that more people were buying than selling, or at least in higher block increments. But, now that I think about it, wouldn't a higher ask be better as it means that larger blocks are going through at the ask (or what one has to pay to buy a stock) than sell it (bid). Since the bid price is lower than the ask, it would imply sell price, vs the buy price, which is the ask. (I think I'm getting a little dissy in light of today's VLNC price movement.) Oh well, hang in there all.