VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (19919)	6/1/2000 4:17:00 PM
From: Zeev Hed	Read Replies (1) of 27311

Mooter, you might be right, and that might also have put some pressure on the stock today. I got back into my office only for the last half hour of the day, but I has enough time to catch the MM pushing the ask to $14.125. Since I have the $14 as a strong support, it was a "no brainer" to jump back in. My max risk is $5/8, since a breach of $14 (namely a print of $13.5) will be my signal that I erred again. The upside if the NAZ finally revives into a summer rally here is at least $18, and if we get above the 3800 on the naz, maybe even a challenge of the $21.5 area. The risk reward was too good. Zeev

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