VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Paul Dubsky who wrote (1563)	12/6/1997 10:27:00 AM
From: John Curtis	of 27311

Paul: I concur. It appears someone IS accumulating the hell out of this stock. It's ME!! heh! Seriously, though, I do expect choppiness until year-end. Although it's hard to know for sure just why VLNC's trading in the manner it is right now, one could cite sundry paranoid rationale's(ie. MM's, tax-loss, etc.), and find that to a certain extent those rationale's are probably right. God know's from a MM's viewpoint, this recent CR announcement presented them with a golden opportunity, one which I know they'd make the most of. Just try sitting in an after hours bar down in the Wall Street area and listen to the conversations of the folks who man the trading terminal's as they talk about the day's activities and how they "moved things around." It's a reallllll eye-opener. That said, I also agree that short-term there appears to be resistance forming to $6. That's ok, maybe I'm crazy but I'm taking all profits from my other speculative holdings and continuing to lay 'em down here. It's gonna be a very interesting '98, me thinks! Regards! John~

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