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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (20682)7/27/2000 9:58:32 PM
From: John Curtis   of 27311
 
Zeev: I hear what you're saying, but from my point of view VLNC had many opportunities to explore the "nether regions" when it was so tightly range bound during those pre-pop days. The fact that it didn't means, to me, that we're looking at a fairly solid bottom in the mid $14's to low $15's.

Therefore downside is, for me, minimal.

'Course; I have to allow that once again the NAZ is having its way with all equities. As such everything is acting in a less than rational fashion. What does it all mean? Who knows....the herds been spooked, and until it settles down all bets are off.

Bottom line? We're going to have to watch everything very closely......

Regards!

John~
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