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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Im-patient who wrote (9517)3/19/1999 10:20:00 AM
From: hcirteg  Read Replies (1) of 27311
 
Hi Fred-

Gotta love the 50K+ volume this early in the day...now back to your question...

No, I think we're pretty immune on the options expiration. At this point the story with this stock is pretty well known. The time has come to decide whether or not you want to miss the first big spike.

I've always felt that the market tells you when things are good or bad. Prices rising with supported volume increases is typically bullish. In the case of a "story" stock like VLNC, I feel it means that word is leaking out.

That's why I look at money flow so hard. Right now it is very positive and that means there are more buyers when the stock goes up than sellers on the way down...some call it accumualtion.

The 5K blocks yesterday tipped me off to the fact that some "richer" players were buying...and at the ASK.

It's coming Fred...and today we are starting our next technicalk break out. It will surely draw more money to the table.

Let's go VLNC!

HC
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