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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (14691)9/20/1999 6:32:00 PM
From: add  Read Replies (2) of 27311
 
This stock looks dead until we get a PO or a lack of one in the next two weeks. Looks like everyone is holding their breath.

The stock is not rising because everyone has fully bought. That's why it drops with very little selling pressure. Likewise, the shorts aren't selling because they too are waiting for some news. You wouldn't want to be shorting into the PO announcement.

We are due for some news. We should see the stock continue its recent trend of very slight declines on low volumes until an event.
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