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

To: MHS who wrote (17291)	12/27/1999 3:06:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

MHS, I would lean toward your opinion, and expect that the next trading range will be between $22 and $27, however, my point is that there are always trade offs in manufacturing, perfect quality means zero yields. Somewhere, VLNC will be balancing acceptable quality for the market place and yields, and where this point is, and whether this point during the first six months of full operation is high enough on the yield curve, I do not know. The market is savvy and it will tell us how high this point is by voting the shares. Thus my point that a close under $17.25 will mean that the market is voting a more cautionary approach. If such a breach were to occur, and if its timing were to be with a general tech miniwrek, which I have a as a 50% plus probability late in January or in February, I would not write off completely the possibility of a deeper retrenchment. If between here and there, VLNC scales to the next trading range, I'll change my opinion accordingly. I am flexible (G), have been in the past and have no reason to change. Zeev