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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bill Holton who wrote (3116)6/12/1998 12:34:00 AM
From: Jay Lowe  Read Replies (1) of 27311
 
I had an interesting situation for the first time today.

My day order for 500 @ 5 got a partial fill of 300 and
is still on the books ... first time for me to see a day
order carried over.

VLNC gets to go up when OEM orders or news of adoption
can be released. Any production problems that may or may
not still be occuring can hardly be the affecting the
price at this point unless they are extremely severe and
well-known (to everyone but us). The only scenario I
can see along these lines is that an OEM is inclined
toward design-in and has traveled to DD the production
line. This might leak some bad news.

Production is a key issue, but Lev had it right in the last
CC ... THE issue is POs. Get them dang POs in hand.
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