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

To: mooter775 who wrote (19919)	6/1/2000 3:31:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

" .... who would be surprised???" For starters, all of the people who bought at 40, 35, 30, 25, and 20 as well as all the people who held at those levels. Selling at 20 would have avoided a 30% loss at current levels. Why do you suppose VLNC continues to fall? " ... DUH.... "

To: mooter775 who wrote (19919)	6/1/2000 4:17:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Mooter, you might be right, and that might also have put some pressure on the stock today. I got back into my office only for the last half hour of the day, but I has enough time to catch the MM pushing the ask to $14.125. Since I have the $14 as a strong support, it was a "no brainer" to jump back in. My max risk is $5/8, since a breach of $14 (namely a print of $13.5) will be my signal that I erred again. The upside if the NAZ finally revives into a summer rally here is at least $18, and if we get above the 3800 on the naz, maybe even a challenge of the $21.5 area. The risk reward was too good. Zeev