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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Herb Blair who wrote (11259)5/20/1999 10:07:00 AM
From: William Epstein  Read Replies (1) of 27311
 
Herbert M. Blair;

I hope they cross the 8 line without attracting too much attention. This means, that they will test it for a while and try to keep volume down. The implication being that they have a higher price than 8 1/4 in mind. They cannot afford to use up stock by selling out on the way to going to a higher price level. Then they would be forced ot supply stock by shorting before intended. I WOULD NOT BE DISAPPOINTED TO SEE THE STOCK CROSS THE 8 LINE NEXT WEEK.
PHOTOMAN
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