VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jibacoa who wrote (8465)	2/18/1999 12:46:00 PM
From: P. Ramamoorthy	Read Replies (1) of 27311

Jibacoa - Re.: "...Ready to add more above 8 5/8..." With a strong volume as of 12:11 PM (on a 15-minute delay quote) it may happen. Yesterday's negative sentiment on the tech sector might not have affected VLNC momentum, depending upon how one views yesterday's data. Today's 5/8 (or higher) point move will be significant in that "bears are losing the battle". Hope to see 8-10 range is being negotiated in favor of bulls. As we approach 9, we should see more demand for the stock as bulls will push the price up. I like to see above 9 by the week's end. Will it happen? The volume says it has a chance. We know that there are fund managers that had bought Amazon.com at 3. Those managers are still out there looking for risky stocks for big moves. Above 9, more bullish crowd will enter the arena and may cause uncontrollable wild moves. It is time to sit back and watch the fireworks. Happy speculating! PS - Another "scientific" indicator is SI posts. Watch the number of posts as big moves occur. Ram

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