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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Gordon Quickstad who wrote (3106)6/10/1998 8:14:00 AM
From: John Curtis  Read Replies (2) of 27311
 
Everyone's expecting a drop in price, based on this news. I'm not so sure this is gonna happen. Volume has been paltry of late, indicating most of us speculators are standing pat awaiting VLNC coming through on their June 30th commitment of limited mass production(or am I generalizing based on what I'M doing? heh). Me thinks most of us will continue to stand pat and view this recent Tibor news as a non-event. And if stop losses haven't been NASDAQ instituted then MM's won't have much of a downside target to swing that 'ol bid against, eh? Still, I'm hanging by this screen, waiting on opening because it just might get interesting. I'm a definite buyer on any dip of significance so let's just wait and see, eh?

Regards!

John~
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