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

To: Stefan Andreasen who wrote (1761)	12/16/1997 12:12:00 PM
From: golden_tee	Read Replies (2) \| Respond to of 27311

The MM's clearly pulled it down at the close Monday. It was well over $5 for the lion's share of all 250k+ shares traded. On the last 30k (last 20 minutes), which was mixed buying and selling, they pulled it down to show the $4 3/4 close. The bid/ask prices vs. trading activity is VERY peculiar. In the past when I have tracked action like this on NASDAQ stocks, either rapid and unexplained price appreciation has followed or something very bad is announced by the company. The latter is usually accompanied by much higher volumes. My money is on rapid appreciation back to around $7 starting the last week of December. Just my 2 cents. Bob