VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Robert Cohen who wrote (1686)	12/11/1997 1:34:00 PM
From: John Curtis	Read Replies (1) of 27311

Robert: Well, as much as I'd like to hear from mgmnt I can't say I'm surprised by their stance. There are a lot of companies out there who make a policy of not commenting on the trading patterns of their stock. This isn't to say mgmnt isn't concerned(I'd love to be a fly on the boardroom, or in L.D.s' N.I. hotelroom, wall right about now. More like, "Hey, we're busy doing the business at hand. We can't help it if the Street's swayed by day to day trading variations." This usually comes back to bite them later should they go cup in hand looking for monies from that same Street. Meanwhile, VLNC's bounced off $4; went to $4 3/8 and now looks to be heading back down; currently trading $4 3/16 x $4 5/16. It could break $4 given its current negative momentum. I wouldn't be surprised by this given the general market direction today. Woooo weeeee there's a lot of murder going on out there right now. Welcome to the Asian Flu......... You know, a market news letter I read about 1 year ago predicted that there'd be a blowoff eventually, and it'd be precipitated by troubles in Asia. It look's like they might be right. Hope everyone has their helmets on.....INCOMING!!!! John~

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