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


To: J. M. Burr who wrote (5679)11/30/1998 11:33:00 AM
From: jean1057  Respond to of 27311
 
AND HOW THEY RATTLE THEM EH....stay put for the rally at the end of this week....guess 9$ could be the lower end...although we are very close now....no panic...stay put....or buy more..



To: J. M. Burr who wrote (5679)11/30/1998 11:33:00 AM
From: Gordon Quickstad  Read Replies (1) | Respond to of 27311
 
MM's are taking advantage of some profit taking. On a smaller issue like this, they like to take out the stop losses investors have placed, every so often, by amplifying a selling trend, so they can cover any short position they might have with the cheaper shares.

Plus, there's profit taking in the broader markets. That makes buying support weak for the time being. If the shares are marked down this much already, maybe if we wait they'll go down even more - like those magazine subscriptions we don't renew.