VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (4633)	11/1/1998 4:38:00 PM
From: FMK	of 27311

LWS-It seems there was plenty of buying on both days. The buyers were just less aggressive on Tuesday and IMO, backed off and let some short termers take some profits. With all that volume, many shares have exchanged hands. I would expect most new owners to hang on, looking for higher share prices. More impatient shareholders should now be out of the stock, with the result of more pronounced and sustainable run-ups in share price. Its amazing how many reasons we can find to worry when the company shows few of their cards. It would appear line 1 alone became capable of making a profit months ago and personnel and production have increased since. IMO they are producing and inventorying more than enough to turn a profit every day and will have plenty of tested product to deliver for contracts. IMO we should cease worrying and acquire more stock while the price is in single digits. We are far past the point of failure. Remember its been over a month since four insiders, with firsthand knowledge, voted "yes" to the tune of 525,000 shares on the same subject.

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