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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Mark Johnson who wrote (7092)1/15/1999 1:52:00 AM
From: FMK  Read Replies (1) of 27311
 
Thanks Mark, IMO we might be seeing the effects of some plant visitors who have been patiently bidding the stock while ex-employees were selling shares on the market recently acquired at much lower prices from the company.

Perhaps the overhead supply of this stock has finally run out. The plant visitors may have worked the numbers, and like Don Wolanchuk, see $25-$30 near term and may be willing to start paying double digit prices now that the cheap stock is disappearing.
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