VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (16137)	11/15/1999 3:40:00 PM
From: P. Ramamoorthy	of 27311

Hi hc, Today's price move at about 3 times daily average volume is pretty significant. Early stages of forming an uptrend, I suppose! Large blocks were bought today. May be some short covering or some retail buying. Stating above the 7 level is important. That will put most long termers in the black, around that price. The absence of "short coalition" has helped a lot. Are we getting ready to break through 11 by December? Last year, around this time, it went to 11 with much higher uncertainty and much lower probability of VLNC success. The probability of VLNC success has improved! Looking at the price history, the price went as high as 20. In today's speculative market, irrational price spikes can happen. jmo. Ram

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