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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (4538)10/26/1998 12:58:00 AM
From: Pallisard  Read Replies (1) of 27311
 
Thanks FMK. That seems to clarify all the estimates. I would say
certainly that $3 a share would fetch a a $60 stock price, and that
would be using a conservative P/E of 20.

The chart definitely shows a "cup & handle" formation, not to mention
a double bottom in the cup and a breakout of a descending trend line
on remarkable volume. The breakout is marginal but looks genuine. Anticipating a nicely higher close tomorrow.

Pallisard
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