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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (1777)12/20/1997 11:29:00 AM
From: John Curtis  Read Replies (2) of 27311
 
Paul: Nothing contrary about basing your logic on the VLNC chart. I feel pretty much the same way. If history is any guide, then Friday's $4 low should be it for this year, and with a little luck(and a corporate announcement of OFFICIAL positive note), by this time next year those who are now jumping in should be sitting real pretty. Although I'm speculating here with VLNC; and that just about sum's it up for all of us regardless of our entry point(ie. VLNC's on the come until official announcement), I tend to agree with your comment about the sign of speculative elements tending to be a signal of trouble, only because of the seductiveness of margin to some speculators. Something ya gotta stay away from until the story becomes a reality.

Still, at this point the story looks good, and merely needs confirmation. I'm looking for an amazing '98 for VLNC, if that story proves out.

Regards, and happy holidays everyone!

John~
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