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

To: Jibacoa who wrote (22490)	11/30/2000 8:43:09 PM
From: Zeev Hed	Respond to of 27311

Bernard, I think, that short term, you may actually get a bounce to the bottom of the last trading range (around $13 plus) instead of having the double bottom at the $11 to $11.5 serve as an overhead resistance, this because we went trough that level like through butter, not much volume (relatively) was concentrated at that prior support. Longer term, this $11 area was quite important (it was also an Overhead resistance during the Pre CC period), and it might have negative implications for the next three to six months. If we get a licensing agreement announced, it might act like an elixir (see RMBS' behavior post licensing agreements for an example of the power of such an elixir). Zeev