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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (11203)5/18/1999 5:47:00 PM
From: Pallisard  Read Replies (2) of 27311
 
Encouraging post Rich.

This show of moderate strength today in the absence of news could predict an inkling of inside observations about coming P.O.'s, although the volume was relatively small. On the other hand we could be seeing some of the smaller short positions getting worried and starting to lighten up as we approach June. And of course it could be a combination of these and other things. Have you heard anything from the grapevine? :-)

The chart shows a long uptrending line from last summer that seems to be defining Valence's general trend. The indicators that were slightly negative are turning positive, and the others are gaining steam.
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