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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: barrcuda who wrote (2747)4/27/1998 1:10:00 PM
From: Paul Dubsky  Read Replies (1) of 27311
 
I'm back in!

I don't know why I don't just leave VLNC alone. Lost my shirt in it last month when I *had* to sell at a $2/share loss on 5000 shares! Anyhow, my 30 days are up, I have some money available again, and I'm back with a vengence.

My primary point is that if VLNC were to be on the verge of never-never land, why is it being supported rather strongly between $4.75 and $5.25? I definitely think that we're on the verge of breaking out. However, the one mistake I will NOT make this time around is to watch this one everyday. No can do. There's more to life than watching 1/8th point moves on a stock that I'm not doing anything with until it's at $100 (per Don W.)

Best to the rest who have the wherewithall to hang in there. Today's price support has confirmed my belief that no one wants to dump VLNC at the current levels, just waiting around to watch it fly on news.
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