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

To: john t. brice who wrote (10741)	4/26/1999 12:15:00 PM
From: P. Ramamoorthy	Respond to of 27311

John Dennis V Re.: "...something a little different going on..." Yes, without going back to the historical data, this trading pattern has occurred before: moderate rise on decent volume, followup with dropping 3/8 to 1/2 point, as if the stock is "teasing" bulls with a "sucker" rally. It could also mean that someone or groups are accumulating shares without driving up the price. We would not know whether these buyers are mutual small cap growth funds, hedge funds or institutions if their holdings are too small to report. PS - The price has just hit 8, moving into an interesting area. Ram