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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (13403)7/26/1999 3:25:00 PM
From: Zeev Hed  Read Replies (3) of 27311
 
Well Larry, it seems that the old support at $6.5 indeed turned into a new resistance, so I said thanks and bailed at $6.375. Not a "great" trade, but satisfactory. Tomorrow is the 27th and who knows what if anything will happen. However, the market in general is not looking good and I fear that by Wednesday we will start and go down strong. Unless VLNC has something unusually good up its sleeve, the short term trend is going to turn down, IMHO.

Zeev
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