VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (1444)	11/25/1997 5:22:00 PM
From: Paul Dubsky	Read Replies (1) of 27311

Good for you. I picked up some more at $7 (although it finished down at $6 15/16). I really think that the MMs are bringing the price down as much as possible to fill some sell limits and to force others into margin calls. Just my opinion, though. $7 has proven to be a very strong support level, and basically finished the day at this level. If it stays there another few days/weeks, we'll be ok. If it doesn't hold, we may be breaking down technically and headed to the low $6s, high $5s. Very unlikely in view of the upcoming production period (1st Qtr 98), but who knows if VLNC comes out stating that they won't make production until mid 98 (or later). If that happens, we're in for a ride, although the ride we took from $9 to $7 when they pushed off the production date from mid 1997 to 1st Qtr 98 wasn't that bad. Just as long as they don't come out and state that they CAN'T make a lithium polymer battery, that's what I don't want. I can wait an extra month or two for production. The short term depression in this stock is a little troubling given our outstanding trend over the last 2 years. Up, up, up from $2!

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