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

To: MHS who wrote (7146)1/16/1999 4:16:00 PM
From: Dennis V.  Read Replies (3) | Respond to of 27311
 
I pass; Larry, Zeev, FMK?? EOM



To: MHS who wrote (7146)1/16/1999 7:36:00 PM
From: Pallisard  Respond to of 27311
 
It sounds as if he/she was merely buying to cover puts he'd previously sold. Selling puts is a bullish stance. Apparently he expected some sort of rise in the stock and sold to capture part of the premium. If he sold them when it was trading around the 5-6 area, then he averaged about $200 per contract when he covered. Nothing wrong with that! I just don't see where he'd find all those buyers!


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