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

To: djoobahjieh who wrote (15172)	10/10/1999 8:58:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 27311

djoo, your comment is quite correct, IMHO. That is what I mean when saying, when the FA (great according to Jim) and the TA (lousy according to charts) do not jive, believe the TA. Right now, VLNC major trend is still down and that is a clear indication that some very smart money (possibly as smart as Berg) do not have faith in the theory of immediate launch of VLNC's product. If you see a situation that despite bad public news about VLNC the stock shows resilience and positive TA, then you should consider that maybe smart money is finally moving in. Zeev