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


To: Greg McDaniel who wrote (10728)4/26/1999 7:52:00 AM
From: hcirteg  Read Replies (2) | Respond to of 27311
 
Hi Greg-

A recent poster just noted that the market will be the first to tell us when we are actually near paydirt...I agree, but I'll be watching the call volume more than the stock price. Daytraders and pump and dumpers have had a field day with us by daytrading shares. When the real money specualtes...I beleive it will be through loads of call options.

WHY? If real news is about to happen and the stock is optionable, it's much "safer" to leverage. Go back and check out companies that were bought out recently and look at the call option volume on the days leading up to the "surprize" announcement. It truly is incredible how those on the "fringes" of being in the know get to clean up so well.

If call option volume on our puppy dog spikes, then I will be a very happy dude...

As I expect it will...

And soon. Until then $6.75-$8 seems to me the MM's game. Has been now for months.

HC