VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William who wrote (8528)	2/18/1999 7:13:00 PM
From: Pallisard	Read Replies (1) of 27311

William, you're right. Relative to today's volume it doesn't represent much, the number of executions would be the pertinent figure. I know the MM's for each entity are different, but in the case of execution, the option interest translates to the stock. What I find disappointing about today's action was the relatively modest rise on heavy volume without closing on the 8 5/8 mark. It smacks of churning, but also it points out the formidable resistance here at 8 5/8. I hope there is enough strength tomorrow to break through and close decisively above it. I still feel that the price will consolidate in this mid 8 area tomorrow as I stated earlier in the week, and I think it's the "short's" last chance to take whatever profits or small losses they have, and run for cover. Unfortunately, I 'll be on the road to Laughlin (little Las vegas) tomorrow during trading hours. (From one crap game to another). But I'm confident about having lots of money on the Valence come line. Good luck to all.

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