VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Paul Dubsky who wrote (702)	7/2/1997 1:09:00 PM
From: shasta23	of 27311

Hi Paul! you said: "To be honest, I think it'll re-test the 5's and 6's before it heads back up. " Why do you think that? According to most people actually everything is fine just a little slower and set for a positive surprise. Retesting the area you describe would mean that all the run up to 10(hard to believe now that we were already there )was a speculative bubble and all the short term traders made most of the money the could in the short run. Chartwise (i'm a ta newbie) it seems we have support in the area around 7 and then around 6 1/4-6 3/8(just where the first sell-off ended and the buying set in). If the support around 6 1/4 is broken we go into the 5'. Or do you think that without news the stock will drift lower? Stefan

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