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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (119)	1/24/2000 5:40:00 PM
From: Zeev Hed	Respond to of 30051

Steve, I do not know about EFCX, it is a company with barely any revenues, apart of some contracts, their burn rate is about $2 MM per quarter and they have some $4 to $6 MM on hand, so they'll have to come to market for more money. They are installing an automated line for what they cell phone batteries, but from our experience with VLNC and ULBI, it could take a year before that line is operating well (of course, the Zinc air technology is much simpler than the Li-Polymer, so, I might be too conservative). You can play the momentum, but I would not be surprised at all to see it back under $10 share. As for VLNC, I think that if the tech wreck I have been "forecasting" becomes more severe (the NAZ has no "support" all the way to 3500, just thin air), then VLNC will probably succumb, but its strength today indicate that it has a fighting chance of holding the $22 level, it is a "toss up" and I will have to play the SL game here. RMBS gave up all its gains and painted another pseudo gravestone doji, but in view of the market performance today, it actually held its own. I still think that the stock will be available under $70 in the near future. Zeev