VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Herb Blair who wrote (12414)	6/27/1999 9:43:00 AM
From: Dennis V.	Read Replies (2) of 27311

Hi Herb, "bear" in mind that the stock gained 10% on above avg volume in a down market. This where co. news was positive but not overwhelming.Also,people who read charts may be conditioned to expect the pattern to continue and don't want to be the last person who buys at 8+. WRT technical indicators, money flow, stochastics and OBV improved. There was no 'double whammy". The stock still "Levitates" in such a way as to reflect high expectations during the second half. There seems to be good reason for optimism. We'll know more tomorrow.

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