Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (5318)	11/3/1999 1:19:00 PM
From: Jibacoa	Read Replies (1) of 13094

JIM: VLNC: Has being doing well since it started the last up-move on October 29 at the 4 3/4 level. It got over the closest resistance from the H of October 22nd at 5 1/16. Now is ready to test the August H at 6 3/4. Volume today has been increasing on the up-side,(521,700 so far.) Their financial status remains on the critical list, but their partners (Hamil) in Corea have announced commercial production and VLNC had a new $3million interim financing. If the company has good news on the coming CC on Nov 11th it could boost the stock over the big hurdle at 8 1/2 level. That could be a BIG move, since this stock has a huge potential and has been on the "watch list" of many people (including me) for several years. Bernard

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