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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Matthew Leo who wrote (2170)2/15/1998 1:28:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
One problem with the "canned" TA approaches is they are a little slow to react, and don't take into account the factors (such as CR's selling) which may help to explain the stock weakness.

For example, Investors Business Daily just upgraded VLNC from an "E" to a "D" for accumulation/distribution. If one were to wait for IBD to give VLNC an "A", you might end up paying over $10 per share for the stock.
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