VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: golden_tee who wrote (19851)	5/24/2000 10:57:00 AM
From: John Curtis	Read Replies (1) of 27311

Robert: Since the final filing isn't due until June 27th this probably means.....hmmm....that VLNC will do for the majority of this summer what it did most of last year. That is, stay stuck in a trading zone. This time 'round the trading zone appears to be ~$18 on the high end, and ~$14.75 on the low. Uhhh...and this assumes no material events in the interim. Therefore I'd say the best strategy is to have limit buys in place somewhere just below $15, and if you're trading it, limit sells somewhere north of $17. If you're not trading then just leave the limit buys in effect, with expectations that this legal "sandpit," and its attendant ask gambit tacticians, will be done and gone sometime before X-mas, leaving valuation determination in the hands of market forces, and market forces alone. Regards! John~

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