VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: town12 who wrote (393)	5/19/1997 6:34:00 PM
From: Paul Dubsky	of 27311

A very good day indeed! We will certainly experience some profit takers at this level, after all, those who bought at $5.5 just 2 weeks ago are enjoying a very nice return. However, as has happened over the last several months, we may get a 1/2 point to 1 point consolidation before moving higher. The difference lately has been the length of the consolidation. It has been getting shorter and shorter. So, if you sell right now (never a problem making money), you may miss the bigger rise to the $10 to $12 range. The question is, do you TTMAR and leave money on the table, or sit back, be patient, and enjoy the next several months? I opt for staying with VLNC for the long term! A 20 ro 30% return now will pale in comparison to the returns I "may" enjoy in several months if VLNC breaks out. I've been waiting since 1994, what's another couple of months? Your TA is appreciated. Wish I had Level II access. Understand that it's a bit pricey.

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