VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (13413)	7/26/1999 6:33:00 PM
From: Pallisard	Read Replies (1) of 27311

Well Zeev, $6.5 is hardly a resistance level, as it was hardly a support level. $6 is the strong support level. Look at the chart. ALL the volume points are at or near 6. It last traded below 6 in Dec, and only for two closes, then it shot up to 8 1/2. The only consistent trading below 6 occurred before early Nov last year. If you think the price history (chart) is indicative of future trading in an issue like Valence, then you ought to interpret it properly. After all, you wouldn't want to mislead the less initiated or the lurkers on the board, would you? I guess now that you're out of the stock, you'd like to see it go back down. My question is, did you really buy last week? :-)

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