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

To: Mark Johnson who wrote (13744)	8/15/1999 8:33:00 PM
From: add	Respond to of 27311

Mark, I think you are right. A Lot of the uncertainty has been eliminated in the CC. The first PO will eliminate most of it. Thus, we should see a much steadier stock price and a jump when the first PO is announced. It will be a even bigger jump as the shorts try to cover. They had their good run and if they were smart they would slowly cover in the next couple of weeks before a PO is announced. This buying should give a slight rise to the price. Though,we could see one last ditch effort to get it below 5, but I'll gladly take more at that price. I'm a little disappointed Lev stated only about $75M in production rate. I'm not sure the $/Wh-Hr he was using. It could be that he is being very conservative and we could see a little upside surprise in the actual output numbers. The next two months will be very interesting. I'm not a day trader or even a weekly trader, although I did make about 25% getting in and out of the stock once before the annual meeting. However since then, I've seen long and slowly accumulating. I wish I had waited to buy at these levels rather the the slightly higher levels over the last 6 months. Who could have know it would be back down to 5.5 ? I'm still confident we will see the stock price at 15 by the end of the year which will still be a hell of a return. Mark, I look forward to buying you a drink at the next annual meeting. Maybe they will have it in Seattle or better yet, Ireland. Until then, the best of luck.