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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (17224)12/23/1999 3:11:00 PM
From: Zeev Hed  Read Replies (3) of 27311
 
Pallisard, I do not know if $50 is so "impossible", my own target is closer to the $30 to $40 for next year. In any event, for the very short term, I just stepped aside on this morning flurry, and this not so much because of any "impending big danger", I do not see any, but I'll be on a two weeks vacation starting next week without access to the market, and VLNC volatility is high enough to have a non zero probability of a major retrenchment in February, I'll be looking at a reentry sometime in the next 4 to 8 weeks. Of course, I may have to pay more than what I sold for, but that is not unusual for me.

Good luck to all and happy holidays.

Zeev
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