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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Eli74 who wrote (12181)	6/16/1999 11:12:00 AM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

Eli, AMEN! << markets in general are not as efficient as one might think, and ... the absence of positive price action on VLNC's part is more a function of lack of attention and lack of hard news than the market discounting the potential of the company >> We keep telling this guy this, and he keeps dodging it. Succinct statement you made. Thanks. And this light-volume action allows for wide price movement, even manipulation (though certain folks deny it, it IS occurring). I think we're on our last shake-out cruise prior to the news we've been waiting for. They wouldn't be hiring a high-priced MRP specialist unless the cost savings from efficient materials ordering would cover the cost of his hiring. (Otherwise, just over-order every quarter and be done with it.) That means they're on a big ramp to volume production right now. And they wouldn't be doing that if they didn't know they were going to get some big POs soon. Rich