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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Mark Johnson who wrote (3591)8/6/1998 11:00:00 PM
From: hcirteg  Read Replies (1) of 27311
 
Hi Mark-

Excellent post...personally, I think we are nearing something good. The market activity looks like we are ready to lift off. Lev has all the "bad news" on the table thaqt he inherited..including the new financing which you clearly explain why it wasn't bad.

In other words...everyone was given all the reasons why they should sell...so why hasn't the stock dropped to $4??? Because there are no sell orders there for the MM's to go get. They get the 4 5/8ths and up crowd...but in IMHO...the ones in the know have and continue to accumulate.

HC

PS See the action of my other favorite stock over the past 10 days?? Talk about a wild ride!
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