VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: shasta23 who wrote (717)	7/2/1997 4:22:00 PM
From: John Curtis	of 27311

Stefan: >>retesting would mean that all the run up to 10 was a speculative bubble<<. Woooo Yeaah! You're exactly right, that was it EXACTLY. How could it have been anything other than that since there was no OFFICIAL news regarding where they stood(until yesterday that is)? Clearly there were some short term gamblers betting here. Since they've been disappointed they took their money and left with such profits as they were able to gain during the speculative run up. I'm sure they'll be back in a few months time. That's the nature of this game. Some invest, some speculate, others trade. Once you come to understand each types style you can then begin to predict how things will fall out. And never forget the herd mentality!! When/if VLNC succeeds, that most certainly will kick them upstairs, perhaps even at a double time rate. Chartwise, VLNC has broken thru its 50 day moving average to the downside. As such, short term it may retest it's old support level which if memory serves is right around $6. If you feel their batteries will be commercially acceptable then use this period to pick up as much as possible(but never spend more than you'd be willing to lose entirely--don't let greed control your mind). But before you do, watch them for a while to make sure everyone who's leaving has fallen out. Then pick an entry point and go for it! To quote a Pharengy philosophy, it's all about profits!! Regards! John~,

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