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

To: John Curtis who wrote (5827)	12/8/1998 10:11:00 AM
From: hcirteg	Respond to of 27311

John- Just checked and I got called out of my MAR 5's at 3.25. Still havbe those pesky Mar 10's. IMHO, this is definatelya shake out, the volume is too low. Looks like some bigger players wanted some cheaper shares. I'll be looking for a re-entry point for more options during the day. Let's keep in touch. HC

To: John Curtis who wrote (5827)	12/8/1998 10:14:00 AM
From: DKR	Respond to of 27311

The bid dropped 5/8ths on 22,000 this morning, somebody wanted out at any price. MM's can see stop orders they hold but not the orders other MM's hold, so unless there is some kind of collusion (which I doubt) this more likely due to a lack of buying interest caused by the lack of feedback from analyst visits. The good news: if VLNC can surpass its day high 8 5/16 it could finish strong.