VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: P. Ramamoorthy who wrote (7088)	1/14/1999 8:58:00 PM
From: hcirteg	Read Replies (1) of 27311

Ram- My TA says this was a significant move today. I felt something was up. Check out my post around noon. My theory is that money is rolling out of blue chips to small caps and VLNC seems to be attracting some of it. Lets face it, the markets got clobbered today and we enjoyed a 15% jump in value. I'll say it again, the street will tell us before we hear anything. Again, the street spoke today. If there is no news, I suspect we will close @ 8 1/2 tomorrow IMHO. With an announcemnt of some sort, much higher. I am of firm beleif that we should be in the 10-12 range right now were it not for the bogus S-3. One more thing. There doesn't seem to be a big supply of shares right now. Small trades moved this stock very quickly today. This may be a red flag for some shorts and this is why I am guessing the "itchy fingers" of some shorts will bail tomorrow and we will continue north. Always bullish. HC

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