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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: diablo who wrote (1483)12/3/1997 2:06:00 PM
From: John Curtis  Read Replies (1) of 27311
 
Diablo: The only clue I've got, assuming as always that all relevant information posted on this thread has been accurate, is that VLNC is undergoing the usual end of year nuttiness that sometimes occurs with these kinds of speculative issues. Also, it isn't being helped by the NASDAQ blowoff in the tech sector. But, for "giggles," I've place a good size additional buy order in at $5.75. I don't expect to see it filled. I think the bottom is here 'round $6, once again, assuming no negative news, or additional market nuttiness.

Time to step up and buy if you're a believer, or get ready to pull the trigger on any firm signal that bottom has been reached(ie. sudden volume buying). Just mo, of course.

Regards!

John~
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