VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Tickertype who wrote (930)	8/7/1997 5:54:00 AM
From: Gordon Quickstad	of 27311

I can't find any news that would move VLNC and ULBI down. Maybe some of the buyers of VLNC around $7 where it stayed quite a while in the first part of July sold because the stock went to $9 later in July and then weakened to $8 and then very recently moved towards $9 again giving a nice 20% gain if sold at $8.50, in less than a month. The early morning Wednesday sell-off could have also triggered some stop loss orders for those buyers at $7. The last 2/3 of the trading day was pretty flat and quiet. It doesn't appear that Thursday will get continued selling. The $0.75 ULBI was off was probably not battery news either, jus some profit taking; its gone from $8.75 to $15 in the last 2 months.

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