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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (12244)6/18/1999 6:57:00 PM
From: William Epstein  Read Replies (2) of 27311
 
Rich Wolf;

You are right. Looking at the 90 day chart and the evenness of the decline, it is clear that the stock is being forced down. However, this stock usually bottoms with a big one day decline and reversal volume. We ain't there yet. Someone is playing with our stock. Where is the bottom? Let's start playing the guessing game. It's better than doing nothing. Selling stock, buying options? I don't think we're in the short covering zone yet. Where is it? The chart shows that money flow suddenly dropped off sharply about 3 days ago.
Bill
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