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


To: Robert Cohen who wrote (10041)3/31/1999 7:27:00 PM
From: Rich Wolf  Read Replies (1) | Respond to of 27311
 
Robert, A small detail: CC's limits on selling are a minimum of 30,000 shares per day. They use the inverse-sounding phrasing of 'the maximum of 30,000 or (yada-yada)'....meaning that they can *always* do at least 30,000 shares/day.

Today's selling could also have been some end-of-quarter adjustments; we can't exactly test this, but if the sellers really didn't intend it as long-term, we may see it get re-adjusted back in a few days (on the premise that developments are on an ever-shorter timeline here). Interesting that such a large block was passed after the close (32,400), without dropping the price measurably.

PS Just back from vacation. Did anything happen the last 8 days?! ;-)