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

To: Chisy who wrote (18281)	2/12/2000 10:44:00 PM
From: Mark Johnson	Respond to of 27311

From Chisy's Link: <<Yes, VLNC was over-bought, and yes, the price was extended, and yes, it had moved up extraordinarily quickly. From a fundamental standpoint, I saw almost no reason to sell right then. From a technical standpoint, I saw few sell signals and quite a few reasons to stay the course. Of course the stock can pull back, and a correction would not have surprised me in the least. I fully expected a correction to the area of the MOB (bi-colored horizontal line). However, it is one thing to say that such a correction is possible, and an entirely different matter to say that one can accurately time the start and end of this potential correction. You have to make a decision to exit and another decision to re-enter, and your chances of making an error in either of these decisions is high.>> I sure wish there was a daytrader thread dedicated to the above conjecture.....and thank goodness Valence has drawn a stronger institutional following..... Has any long-term Valence investor found Zeev's trading protocol useful in determining Valence's future potential??