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

To: Gordon Quickstad who wrote (2961)	5/21/1998 10:59:00 AM
From: barrcuda	Read Replies (1) \| Respond to of 27311

If history repeats itself, We won't hear anything from Lev or the company for another 3 months and the stock will flounder. TOTAL BUMMER DSW

To: Gordon Quickstad who wrote (2961)	5/21/1998 9:35:00 PM
From: The Vet	Read Replies (2) \| Respond to of 27311

Gordon, the Market Makers were playing loose and fast with VLNC today. It is now obvious to me that they were desperate to load up with cheap stock either for themselves of for their "short friends" and they manipulated the market to do it. I placed a limit order at 10.30 am to buy 10k VLNC at 5 1/2. At 10.59 am the ASK on VLNC dropped to 5 1/2 and stayed there for over 15 minutes with occasional trades as the suckers offered their stock up to be sacrificed to the MM's. My order which was live and on the floor at the time never appeared as the BID even though it was 1/16 better than the 5 7/16 and never executed even a single share even though the ASK size was always 1k or better on offer. Only when I started to complain to my broker did the ASK and the BID move and of course the ASK never got back to my price all day. This is blatant manipulation. The MM's want your stock and are prepared to cheat the system to get it. Be warned!