VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: J. M. Burr who wrote (1454)	11/29/1997 10:20:00 AM
From: John Curtis	Read Replies (1) of 27311

Tubleweed: LOL! to your left one commentary. I kind'a feel like I've just about done that, at least with my speculative monies. As for why it's acting so strange......who knows!! Perhaps for all the reasons mentioned, or maybe it's because of the holidays and people want some cash for gifts? Wooo weeee, am I reaching with that comment or what? But one thing for sure, VLNC is still in "lock step" with ULBI, and as goes ULBI's stock price, VLNC seems to be tracking accordingly. All in all, however, the slight negative bias is happening with fairly insignificant volume. Why do I say insignificant? Well, this puppy is trading on the NASDAQ, so to get a true read on buy/sell volume you've got to slice the days total volume in half(to account for the MM transaction in between the buyer/seller), and then slice off another....oh.....10/15 percent to account for MM to MM trading. And when you see erratic day to day volume size I suspect the MM to MM percentage is higher than that. Just food for thought. Anyone else have an opinion? Regards! JOhn~

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