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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Prasanna L Soni who wrote (410)5/26/1997 1:10:00 PM
From: FMK   of 27311
 
Lot of UNSOPHISTICATED people bidding up VLNC. Right Fred !!!???? :-)

There is a concensus that one or more large funds have been accumulating stock. For the last few days relatively few large blocks have traded with fairly high volume. The implication is that institutions are buying and small investors are selling.

Do the institutions know something that small investors don't? We know they have more resources for acquiring and analyzing information. Their analysts or researchers have likely interviewed and/or visited the company and the company will find more time to speak with them.

After owning stock for a period at $4-$7, many small investors are pleased with 30-50% profit and turn their shares over to the market. It appears that the pro's are acquiring them and are getting ready to make the "real money".

Sophisticated or not, let's hang on for our share!
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