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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: hcirteg who wrote (17280)12/27/1999 10:08:00 AM
From: Zeev Hed  Read Replies (2) of 27311
 
HC, I think we will stay in this range for a little while, unless few other "significant" orders are delivered. The next "test" IMHO, will be visibility of margins and yields. If we break below $17.25, I think we may go into a deep retrenchment seeking to fill that gap between $9 and $10 (if memory serves, but not before a "fight" at the $15 "Maginot" line. The stock is still in a powerful bull move as long as $15 holds, IMHO.

Zeev
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