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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (10455)4/15/1999 6:57:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Rich, I think that Larry is looking at the stock's action, which I am too, and waiting for the miracle to happen. Until it does, none of us can state without having a good pipeline on the inside, that things have changed from the last public filing of the company. I think that the bulls should take solace in the relative strength of thew stock in view of us being already two weeks after the "drop dead" date as far as financial resources to run the company. Typically, most followers, not seeing any well documented source of additional funding, would desert the stock in fear of the worst. The fact that VLNC is trading in such a narrow range indicates to me some "invisible" support. Maybe short covering, maybe well informed sources quietly buying on any perceived weakness.

Zeev
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