VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William Epstein who wrote (11393)	5/25/1999 4:39:00 PM
From: Pallisard	Read Replies (1) of 27311

William, I think the interest rates would affect Valence's commercial plans only moderately. Once the product demand is generated, it will have great momentum. Regarding the down market today being able to lop a point off Valence, I don't think so. There's a large supply of stock in the mid-8 area that must be absorbed before assaulting the earlier high of 11 5/16. If, over the next several trading days, we can "eat" our way through that, then things will be rosy indeed. Of course with a large P.O. that area (and possibly 11) could easily be breached during halted trading.

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