VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (7089)	1/15/1999 12:48:00 AM
From: P. Ramamoorthy	Read Replies (1) of 27311

HC - Re.:"...There doesn't seem to be a big supply of shares right now..." We're approaching this point, although last Monday and Friday of last week were strange trading days for this stock. Re.: "...small caps and VLNC seems to be attracting some of it..." Small caps with good history (balance sheet and value) will attract. VLNC does not fall in this category. VLNC is still in the start up phase or "show me the money" phase. It will take a while (2Q 2000) to establish their record and a solid balance sheet. Need to look at fundamentals, sometimes. General market effect on VLNC: VLNC is immune to small changes in the DOW since VLNC shareholders are holding the stock with high expectations. Need positive news or a reliable rumor, to take it above $9. It needs an "excuse" to go higher. We'll know it when the volume triples. Looking for $13-15 before the meeting. just an opinion. Ram

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