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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Dennis V. who wrote (4618)10/30/1998 7:54:00 AM
From: hcirteg  Read Replies (1) of 27311
 
Good morning Dennis:

Quite honestly, I think the conversion price has nothing to do with the price movement of the stock. IF...VLNC has indeed invited and shown analysts the plant, then I think this was the sole reazson for the nice move. Furthermore, the stock is on everyone's "watch" list right now. I am sure there are many onthe sidelineswaitning for the stock to fall back. Note the volume reversal int hepast few days with the MM's dropping the bid on low volume, only to have buyers push it right back up.

IF...the stock can hold the $5.50+ level today, then I see a resumption of the move forward north. Without news, I see the next resistance at $7.25...hope we see this sometime in the next couple of weeks.

Dennis, check out FMK's and Mooters projections on profits. VLNC can go from a loss to a profit in a matter of months NOT years. That is why the upside of this stock is so high. What other holding do you own that could literally triple in the next 3-6 months?

FMK, Mooter et al are NOT hypsters. Follow their lead as they are pointed to go to the motherland. I have and will continue to do so.

Good Luck.

HC

PS...hey Lev...still waiting for a new Press release..the market opens in an hour and a half, so please issue it before then. Thanks!
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