VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: P. Ramamoorthy who wrote (15602)	11/1/1999 7:48:00 PM
From: I. N. Vester	Read Replies (1) of 27311

Ram, today's financing is neither bad news nor unexpected. Nor does it say anything about the financial results so far in the current quarter ending 12/31/99. The bills they are paying now are from the previous quater, not the current quarter. I'm expecting to see continuing strength tomorrow and the rest of the week. Even without any great announcements from the company, the last of the shorting will play out and demand for the shares will continue to put upward pressure on the price, imho. (Check your private messages).

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