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

To: Jibacoa who wrote (3605)	8/10/1998 1:17:00 AM
From: MGV	Respond to of 27311

"On 8/6 VLNC closed at the high for the day. (Range 4.63 to 5 on 29,600 shares.) On 8/7 it closed at 4.94 ( just 3 cents below the day's high of 4.97) (day's range 4.63 to 4.97 on 123,200 shares)" The point is that if 20,00 share on 8/6 sold for 4 5/8 and then a cluster of small buyers jumped in at the end of the day to push it back up to 4 15/16 with similar action on 8/5/ and 8/7, then a close at the high for the day (keep this in context as well when the high for the day is lower or even to the prior day's close) is misleading. On 8/5 and 8/6 at least, it appears that down volume was significantly higher than up volume.