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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (13690)8/12/1999 10:37:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Larry, if your figures are right, then I do not see them making money for another 12 months on a yearly basis. With this model, the price might actually be on the rich side at about 4 to 5 time next twelve month sales. But looking on the bright side, it can only get better, right? (g).

Personally I do not like the fact that $6 is now becoming overhead resistance despite the CC. So, tomorrow, I'll probably step aside and wait patiently for a more opportune reentry point.

Zeev
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