VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Herb Blair who wrote (11513)	5/28/1999 12:42:00 PM
From: William Epstein	Read Replies (1) of 27311

Herbert; Nothing is safe but VLNC isn't responding to market current conditions right now. Probably because it is down and 7 seems to be the support line. 7 1/8 is the 120 day MA. A quick move up combined with a 400,000 or more share is a signal to sell. For the last 5 mos. the stock has moved up and down within this narrow channel. That makes it somewhat, predicable. That's a lot better than losing 33% in AOL and having no idea where it is going to go or something like that. It comes down to my relative tolerance for risk and how I gauge risk for myself. I don't recommend it to anyone else. If I want no risk then I wouldn't invest a dime in the stock market. This is not the place for risk free investment. We have even seen IBM go from 160 to 39 1/2 and then back up again, if you had the time to grow a beard while you waited. One other thing, about 1-2 weeks below the 120 is a good signal to buy for this stock. That is the MMs plying their trade. I always try to remember, stocks are just paper and their not even that anymore. Like casino chips are just plastic. If the casino goes out of business their worthless. They have no intrinsic value. Their all shit. PHOTOMAN

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