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

To: Chisy who wrote (17964)	1/31/2000 3:53:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Chisy, a lot of people use the "gap closing" technique to determine entry points, as a result, they rarely completely close, and when a closing attempt occurs, it is more in the form of a single daily swing down, with a later retest, because a lot of buyers are anticipating that and setting their orders just above the gap (I did). Zeev

To: Chisy who wrote (17964)	1/31/2000 4:37:00 PM
From: P. Ramamoorthy	Respond to of 27311

TA - shows support around 30-31. VLNC's current status warrants long term hold for the most capital gain (and optimum tax liability, for me) and represents much less risk compared to their status as of Nov 98. From the 4.31-5 price range about 5-6 months ago, the current price represents about 600% gain. From the current price range of 30-35, a future price of $60-80 by the year end, would amount to 100-150% gain. Optimize your portfolio by balancing the risk vs. rewards. Capital Guardian and CIBC are risking too much of their money and reputation to be short term on VLNC. They must have done a lot of FA before making a decision to invest or to recommend to their clients. Their current involvement with VLNC has greatly improved VLNC's image as a potential investment in the Li polymer battery business. Ram