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

To: Rich Wolf who wrote (9430)	3/15/1999 10:17:00 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 27311

Rich, are you implying that in the past expiration did have an effect on price? I would agree with you that it may seem unlikely they'll be able to get it that low. The only argument I would advance against that supposition is that we are bouncing against a critical support here at 6.875 or so, and a drive below that could unleash a small avalanche of stops. The timing might be perfect for the writers. It could take a relatively small "investment" in shorting action to engineer a breach of the support and thus get them were the maximum pain theory would typically bring them to. If that were to happen, it could present an interesting short term buying opportunity. Zeev Zeev