Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hcirteg who wrote (25325)	2/10/2002 9:10:07 AM
From: Greg McDaniel	Respond to of 27311

HC, Technically the candle is a hammer. However, it is not significant. Hammers are significant at cycle lows and highs. VLNC has been range bound from 3.90 to 4.20 This hammer closed in the upper end of the range but not at high of range. thus it is not a cycle high. However, considering the rampant speculation on Yahoo, the 300k block , the CC on 2/14 and the cryptic post of 11.02.02, I believe VLNC will be breaking above the 4.20 range next week. Concerning the 11.02.02 post, either this person is playing a mind game with us or something will be happening Monday. This poster had originally posted 14.02.02 IHPAD. If I see VLNC breaking above 4.25 on some volume I may purchase some additional shares and sell into anything North of the previous high(4.75). I still have half of the shares I purchased in 3.50 to 3.70 area.

To: hcirteg who wrote (25325)	2/11/2002 7:22:25 AM
From: Greg McDaniel	Read Replies (1) \| Respond to of 27311

A significant hammer to compare to... HC, Take a look at FLSH. Friday it finished with a significant hammer. A hammer is a candle stick with a small body near the end of the day's range with a tail that is at least twice as long as the body. It would appear to be bottom of a cycle low. It is more than 25% from its 20 day moving average and the volume on Friday was above average. The market is expected to rally a couple of days. So there are a lot of compelling reasons to enter FLSH as a 1 to 3 day swing trade. If anyone was short FLSH this would be a good place to cover and then re-enter the short after the next cycle high. VLNC hammer looks insignificant as compared to FLSH.

To: hcirteg who wrote (25325)	2/11/2002 4:25:09 PM
From: Greg McDaniel	Read Replies (3) \| Respond to of 27311

Don't shoot the messenger.... VLNC finished with a Shooting Star candle. This is bearish and has a high probability of telling the future. I bought 2k this morning at less than 4.20 and sold my last half I had from 3.50 to 3.70 area and 1k of the shares I bought this morning. I would have gotten out all together except I had to reboot my computer 4 times during the last 15 minutes of the market. I will pick up shares again if it revisits 3.50 to 3.70 area.