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

To: John Curtis who wrote (19425)	4/29/2000 10:05:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Well, John, I am not sure about how random that walk is. My attempt at that gambit (buying just under $15 and selling on an expected late day short covering rally), was purely tactical, not strategic. The stock's technical underpinnings are still weak, and if the nas get clobbered in May, then I would not be surprised if that support gives way. This indicates to me that apart of the general market conditions, VLNC might have its own story. It should have gone back to at least test the $18/$19 area (at least that was this observer's expectation), so as to have enough distance from that support in the event that the NAZ get hit hard. Zeev