VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (1484)	12/3/1997 12:48:00 PM
From: shasta23	Read Replies (2) of 27311

Larry, don't you think that the momemtum players are already out a long time. Tehy don't wait to see the stock go from 10 to 6 1/16. OK, tax related selling from the people who got in at 9 and now face a nice 33% loss could be the fact. But you're right about the fundamental picture which is intact(as far as we knowand we know last!!). One thing that's kinda mindsoothing is the fact that volume is not excessively high and will be probably around their 3 month average of 136500/day. And on a tickchart i see nothing bigger than a 5500 block (i guess it was a sell) going through...still the price is nothing to cheer about. Support is around 5.5...who would've thought we see these levels again!! Stefan

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