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

To: Zeev Hed who wrote (19928)	6/1/2000 11:19:00 PM
From: MGV	Respond to of 27311

Is that the point you really want to make? "first, the NAZ is up less than 20% from bottom ...." As the Nasdaq has rallied 17.74%, VLNC has fallen 3.38%. As the Nasdaq is down 30% from its high, VLNC is down just shy of 65%. The underperformance exceeds 21% over the Nasdaq turnaround (6 trading days) and down about 35% over the course of the Nasdaq correction/bear phase. The differences are significant. Many stocks have moved up from oversold states. Your reference to CDTS can be turned around on you. If the oversolds have moved up during this impressive rally and VLNC has fallen further during the course of the rally, it is distinguishable from those oversold stocks. The probabilities favored high Beta stocks moving up more than 17.74% over the last 6 trading days, all aspects being equal. VLNC fell. This suggests all other aspects are not equal and that the differences are not favorable to VLNC. Given its negative operating cash flow, it is not surprising that it did not move with high beta stocks. It will not hold a sustainable move unless it offers fundamental news that indicates its cash flow state is being corrected. The market is telegraphing that such news is not foreseeable.

To: Zeev Hed who wrote (19928)	6/2/2000 12:44:00 AM
From: Bob Burke	Read Replies (1) \| Respond to of 27311

Zeev- I also expect VLNC to rise before year end more than the market rises. Special thanks for your recommend of CDTS about a 2 weeks ago when you said if it dropped to the 11-12 area it should be a buy. I haven't sold yet.. also in at 9