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

To: Paul Dubsky who wrote (1549)	12/5/1997 10:01:00 AM
From: Cathi Wierzbicki	Read Replies (1) \| Respond to of 27311

People keep mentioning that the fact Cal Reed only sold 7% of his stock instead of a large chunk should be viewed as comforting. This confuses me. I was under the impression that most insider stock is restricted stock and that they were not at liberty to sell all they wanted whenever they chose. If I remember correctly there is even a limit on how much 144 stock can be sold in any given period based on previously publicly traded volume for a given period. Am I misinformed? Was Cal Reed's stock all free trading? Would appreciate any insight anyone has on this. Thanks. Cathi