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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: greenehugh who wrote (103777)6/22/2000 3:47:00 PM
From: Jenna  Read Replies (5) of 120523
 
VLNC..Did a scan about 15minutes ago and VLNC was up 3 3/4 now its up 5 anyone know what's going on there with this up until now dead in the water stock? Will this be a gapper?

Thursday, June 22, 2000

--3:40 pm Valence jumps 26 percent
Valence Technology (VLNC: news, msgs) is adding 4, or 26.7 percent, to 19 on heavy volume of 1.85 million. Average daily volume is 520,900. Representatives of the Henderson, Nev., developer of advanced rechargeable lithium polymer battery technology weren't immediately available comment. The only analyst covering the company is CIBC World Markets' Dale Pfau, who said he knew of no fundamental reason for the heavy interest in the stock Thursday. Pfau has a "strong buy" rating on Valence with a 12-month price target of $50.
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