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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (871)7/29/1997 9:25:00 PM
From: John Curtis   of 27311
 
Fred: Then my speculation that this recent runup may be partially due
to positive testing indications may not be too bad a guess? Still, without
any news I don't expect VLNC to do much, it'll probably stay in this range, ie.
between $8.25 on the low side and $9.25 on the high side(again just a wild
ass guess--but it allows for more accumulation). On another note, I've been reviewing the evaluative technique
known as candlesticks. Hmmmmm.......very interesting. Still, no matter how
you "gussy" it up(and I've been known to use some statistical techniques myself, ;-)) it
all amounts to a guess, at least until the data smog lifts with commercial
announcements!!
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