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

To: Rich Wolf who wrote (7673)	1/29/1999 10:52:00 AM
From: Rich Wolf	Respond to of 27311

FWIW, more big blocks at the bid of 7, without the price dropping. Also, consider that the 8-K wording re: CC selling, is the "greater" of: 30,000 shares, or 15% of one day's volume, or 15% of the average of the preceding 5 days' volume. Then consider the effect that our high-volume Monday had on the average. CC could probably sell at least 50,000 today. Anything beyond that, and someone else is supplying the MMs with stock, or else they're swapping it. ('Cause they're not dropping the bid!)