VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Curtis who wrote (24327)	5/30/2001 12:08:22 PM
From: Pallisard	Read Replies (1) of 27311

Hi John, I'm also looking for a re-entry point. Regarding TA, there's certainly a clear trend line from the Apr bottom which at present is at ~8. Seems to me if we close well below 8 on increased vol today, we're headed to that support area you mentioned at ~6. But if we rally to form that right shoulder, and then break down below 8, I think we could see 4 1/2 to 5 again. My question is why would the stock be so weak now in the face of all the recent locked in quarterly license revenues with the almost certain potential additional revenues to come in succeeding quarters? The only answer seems to be the weak market and negative sentiment. I'm inclined to think that other shoulder won't form, and we'll drop straight to the 6 area. Any thoughts?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next