VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (7795)	2/2/1999 9:42:00 PM
From: Pallisard	Read Replies (1) of 27311

To all: The chart shows a descending trendline from the Dec. highs and a longer rising trendline from the lows of several months ago. They're defining a 6 1/2 to 7 1/2 range as they converge, about 2 1/2 weeks out around Feb options expiration. If we could break decisively above 7 1/2, it would be quite bullish. I won't mention the converse. Meanwhile, that area and range is shrinking slowly, slowly each day into an intensely compact little entity whose event horizon will reach out and gobble up all the shorts. I love chardonnay.

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