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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (1446)11/26/1997 8:47:00 AM
From: John Curtis  Read Replies (1) of 27311
 
Mooter: Thanks for the info. We must be on similar wavelengths because the only thing I could see that might momentarily impact VLNC in a negative fashion was the lamination facility. Cal Reed, in the last conference call had stated that 1st qrtr production could possibly be pushed back a little IF they had/have any problems bring the lamination facility on line. I'd expect VLNC shares to take a negative hit should any commentary of that sort come out of VLNC, given the nervousness some speculators may be experiencing. Your post indicates they don't appear to have any major problems in that category so it appears that short of an act of God(or an economic act of Mankind), there's nothing that can stop VLNC from commercial production in the timeframes they've been quoting, or at the very worse, sometime in '98. This is good news.

As for the slip to the downside VLNC's experiencing these past few trading sessions.....profit taking, MM "massaging," major house reacting to their analytical tools signals, a blue moon.......who can tell. But if all is right in VLNC's world, it's clear these levels won't last too long so I'm acting accordingly when it hit's my "screaming buy" trigger points(and I'm having to wear ear plugs the screaming is so loud!!). ;-)

Regards!

John~
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