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


To: Gordon Quickstad who wrote (4353)10/6/1998 12:28:00 PM
From: John Curtis  Read Replies (2) | Respond to of 27311
 
Gordon: "Who dribbles?" MM's mostly. At this point in the day the volume is paltry, with only 61 trades having occurred with an average size of ~890 shares. Those that want in on the speculative gamble are in, those interested/intrigued by the potential are most likely standing on the sidelines awaiting final confirm in the form of a p.o. announcement(the market right now is making lot'sa people nervous so my view is they won't come near to biting, despite insider transactions, until p.o.'s are announced). As for sellers....well, that above mentioned volume tells me nobodies selling at this point...so excepting the usual MM patty cake routine, everyone's basically waiting for the next corporate "shoe" to drop....

John~