VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (2648)	4/14/1998 11:04:00 AM
From: John Curtis	Read Replies (1) of 27311

Larry: Currently $5 1/4 x $5 5/16 on 122K volume. Clearly short-term traders are playing this because "heavy" volume on a declining price typically means people are either taking such profits as they've made, or bailing out of fear. The bailing on fear doesn't apply in this case, imho, BUT for those who bought around the $4 1/2 range they've made a goodly return percentage-wise in a relatively short(no pun intended) period of time. So why not take profits, eh? Particularly since there's still been no corporate status pronouncements(so much for LD's commitment of more frequent information releases). Despite Mr. Wollunchuk's attempt to rally support for VLNC I expect VLNC MAY drift lower, perhaps returning to the high $4's again. However, for every seller there's a buyer so perhaps all the $5+ buyers will keep her above $5. Time will tell. Meanwhile, commmmme onnnnnn VLNC, make some public announcements, will ya please? ;-) John~

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