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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: add who wrote (11285)5/21/1999 7:29:00 PM
From: William Epstein   of 27311
 
add;

Something is wrong with you browser. Your format is about 24" wide. Your typeface is not Times. Check it out.

To answer your question in the case of an expected, blessed event you would see what your seeing now. Accumulation! Then as the announcement of the event drew nearer volume would increase along with money flow, MACD and stochastics would turn up. But there is another indicator that is very reliable. Not only because analysts say so but from my own experience. Insider trading. I checked that today for VLNC using my proprietary research URL and found that all of the insiders did some heavy buying around the end of last year and the beginning of this year. None of them have sold their stock yet. So, they expect something important to happen. We're not talking options here except, Lev Dawson. He got 920,000 shares. All the others bought on the open market. That is very important. Whatever it is, they still have high expectations.

It has also been my experience that insiders generally buy about 6mos.-1yr. before the reason becomes apparent. So, we are within that time frame now. They are all wealthy individuals and they can afford to sit on their money for a year but they're businessmen too and one must assume that they all wouldn't have made the commitment unless they had very definite expectations. For bad news it is often the same thing in reverse. However, the sale of insider stock usually takes place about one quarter ahead of the analysts' warnings or downgrades.
This is because most businessmen can see how their businesses are shaping up at least, one quarter out beyond the current quarter. So, we can expect something. However, it could be anytime this year. We see that accumulation is still going on in this stock. We just can't fine tune it.
PHOTOMAN
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