Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Dubsky who wrote (1660)	12/10/1997 7:38:00 PM
From: Matthew Leo	Read Replies (1) \| Respond to of 27311

My guess is there was a player who wanted out and sold approximately 25,000 - 50,000 shares. 8,500, 10,000, 2,000 and assorted others traded at 4 5/8. It seems the sell order came in and the stock was taken down till buyers could be found. At that point, the deck was scrambled one more time and things had to settle. When it was over the price began to come back. So goes the life of a micro cap investor. It is a shame that Vlnc management will not step forward and calm the waters. regards

To: Paul Dubsky who wrote (1660)	12/11/1997 9:44:00 AM
From: John Curtis	Read Replies (2) \| Respond to of 27311

Paul: You're right, if I indulge in a little paranoia I'd swear my "chuckles" orders are having an effect. Yeah, like a butterfly's wings in South America effecting the climate in the Northeast(Chaos theory, an apt. title for what VLNC is undergoing). As for VLNC, obviously we're getting hammered, and hammered down hard right now. And with the Dow opening down this morning(last check the S&P futures was down approx 9 points--a negative opening indicator) combined with the continued blowoff in the tech sector, I look for further weakness from VLNC. The only thing which will mitigate this(and that's maybe) is a public pronouncement out of VLNC assuaging concerns(or justifying them, god forbid). Barring that, in the streets eyes there's nothing to support VLNC, and the MM's will continue to have the field day they're currently having. A parenthetical aside. One poster mentioned that when small cap stocks like VLNC, or ULBI, with small floats and in relatively few hands, are on the verge of major news they often retrenched severely prior to the news. This may in fact be going on here. An example, look at ULBI in the days before its recent Mitsubishi announce. It went from roughly $19 a share down to the $13 range before rebounding to approximately $16 where, tada, they announced their Mitsubishi extended contract. Could this be what's happening with VLNC? The pattern appears to be unfolding in the same manner. In any case, we could use some management support right now. Time for that P.R. person to earn their money. Regards! John~