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

To: Zeev Hed who wrote (9268)	3/14/1999 9:43:00 AM
From: mooter775	Read Replies (1) \| Respond to of 27311

Zeev, I think if you check the open interest in the March 5 calls, you will see that they were around 1,400 contracts at the beginning of the week and around 600 near the end of the week. Perhaps some of the shares were delivered against covered positions, perhaps some were (or are to be) purchased in the open market. But in either case, it speaks (1) of someone who is quite comfortable with increasing his or her position by a reasonable amount, and (2)it may well decrease the opportunity to the market makers to screw around with the price later in the week....