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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (18843)3/29/2000 3:20:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Pallisard, I don't know who has organized this massacre, but it sure looks "well executed", so well that I jumped in (as always prematurely) at $19, the MM's are so bent at showing weakness that they gave me $18.75. I figure the downside risk is at worst something north of $15 or so but a good bounce to $24 is quite possible in the immediate future before we address the task of repairing the technical damage inflicted on the stock.

Zeev
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