VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: hcirteg who wrote (10671)	4/24/1999 8:36:00 AM
From: Dennis V.	Read Replies (1) of 27311

My take on last two days; Thursday action involved larger individual trades on the buy side and overall higher volume. Friday was back to previous pattern with smaller trades and some profit taking. Thursday action was influenced by the bull market but I noticed that VLNC was up 11% while the Russell 2000 was up by much smaller amount, less than 1%. Suggests that "smart money" was taking position(s) on private research or inside news. Since there was no PR on Friday, smaller traders took over the action with buyers receding as in a typical Friday. This forward two steps, backward one step seems normal given no PR. I wonder if the Energizer backdated release had something to do with the Thurs rise. The pop on Thurs. could be explained if someone confirmed that the bunny is packaging Valence batteries. (???) Overall, technicals have been improving as noted. Money flow has been zigzagging upwards, stochastics are trending up...

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