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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jay Lowe who wrote (3119)6/12/1998 2:49:00 PM
From: John Curtis  Read Replies (2) of 27311
 
Hmmm...For giggles I put in a large buy order at a shade above $4 1/2 and guess what? It got executed. I wonder if it was associated with that 66K block(THAT was a BIG one!) that went through right around that level? Hmmmmm....Now to hope this is the low! Currently $4 1/2 x $ 4 21/32 on sizable volume. With the NASDAQ down over 20 pts, me thinks VLNC's suffering from the Asian flu, along with a sympathetic association with ULBI? At least this is based on the assumption that everything at VLNC is on the up-n-up. ULBI, too, is having difficulties, currently $7 3/4 x $8 on a day where all tech issues are getting roundly trounced.

It's a good thing I keep a portion of my cash "dry" in anticipation of day's like this. Woooo weeee, it's messy out there.

John~
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