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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: shasta23 who wrote (204)4/9/1997 11:28:00 AM
From: Gordon Quickstad   of 27311
 
Stefan,

It sounds like you're watching the stock, so if it moves up sharply you'd know it. You'd be playing the momentum instead of bottom fishing. With the long period of consolidation we've had, the stock would probably not drop back down after production is assured. With a sharp rise you could expect a level period of a few days while investors catch their breath and check their pulses and people who haven't watched the stock closely start to learn about the story. Anyway, getting in early on the momentum is safer than bottom fishing. You wouldn't maximize your return, but there is plenty of upside potential anyway. Happy investing

Gordon
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