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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Dennis V. who wrote (17883)1/28/2000 4:18:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Dennis, I sold earlier this week at $31, feared the coming massacre. As it happen, VLNC was not affected (yet?), but it still may. My plans are to watch if the gap just above $25 closes or not. I think there is a strong likelihood it will, and I'll be there to get back in. At $1 billion plus valuation, it is no longer as compelling a case as it was at $7, yet the trend is still up and should stay up unless it closes under that gap. I am not fazed by leaving some on the table, it is a very rare occasion when I catch the actual bottom or top.

Good luck.

Zeev
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