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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (10674)4/24/1999 10:55:00 AM
From: Zeev Hed  Read Replies (3) of 27311
 
John, actually the last four months stock action could be resolved either way, it could be a base forming in anticipation of actual production, or it could be a prelude (or distributory phase) in anticipation of Mr Murphy having won another round. There was anticipation of a "material order" by January 27, and now almost 3 months later, there is still only anticipation. If this anticipation is not resolved within a rational time frame, there is a "real and present danger" that VLNC will retest last year lows. It is a very interesting balanced state between the bulls and the bears, but I for one, am not smart enough to determine who will win this current battle.

Zeev
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