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

To: Cracker Jack who wrote (20587)	7/21/2000 4:36:04 PM
From: drbailey	Respond to of 27311

We are seeing a very typical trading pattern for Valence. The stock has always had a large following of shorts who also know its pattern. This is their time. Next week the longs should see it go their way. Any of us who have followed this stock for a year or two have seen this pattern (bouncy, bouncy as John C. calls it) many times before. Before the run up the range was $4-$6. More recently it was from $14-$17 and now it seems to be $18-$22. It you have the nerves of a trader a lot of money can be made on the pattern.