VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: J. M. Burr who wrote (8439)	2/17/1999 10:48:00 AM
From: John Curtis	Read Replies (2) of 27311

J.M.: If it t'were a couple of years ago I'd say dropping the bid would cause a wee bit of emotion. But at this point the majority of us long termers understand how things can......eh......"fluctuate." Heh! So it's gonna take a hell of a lot more than a 1/4 drop on the bid side to cause a reaction. And guess what? My guess is the MM's don't have that kind of room(to the downside) to operate in right now. Bottom Line? There's clear accumulation pressure going on right now. This alone should sustain/support VLNC through whatever DELL/et.al derived debacle the NASDAQ is undergoing. Now alllll we need is some corporate news releases along the lines we're all looking for and then it'll get REALLY exciting. Let's see how it goes.... John~

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