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

To: da_cheif™ who wrote (26161)	12/17/2003 11:32:40 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

More good news! Henderson Facility sold for $2.75MM. It helps to have more cash at this time. But it may go to offset against the amount they will pay Northern Ireland IDB (in stock) in the next calendar qtr. Waiting for the last $5MM to be accessed from the Berg credit line for the next quarter, plus revenues from NCharge and other sales, etc. The revenue numbers for the current and next quarter should give some idea on the form of financing of the $14MM Berg promised toward the working capital - debt or stock. They were aiming for 5MM whr/month production rate for the single plant in NI. Stephan stated: 5MM whr/month production would be sufficient to meet most of the demand. Now they have three production facilities: ATL producing NCharge, FengFan to produce the large format like K charge and cylindrical cells, and PETC to produce the cylindrical cells. If one assumes that (1) ATL supplies NCharge to the laptop pc and tablet pc markets, (2) FengFan supplies K Charge large format cells to automotive, telecom, and the backup power markets, (3) PETC supplies cylindrical cells to the power tools and laptop pc markets, I suspect they will need additional facilities for the small format cells to supply Mobility Electronics' DVD, cell phone, etc. jmo. Ram Form 8-K for VALENCE TECHNOLOGY INC 17-Dec-2003 Acquisition or Disposition of Assets ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS Pursuant to a Purchase and Sale Agreement and Escrow Instructions dated August 8, 2003, the Registrant, through its wholly owned subsidiary, Valence Technology Nevada, Inc., sold its real property and improvements located at 301 Conestoga Way, Henderson, Nevada 89015 to Mars Partners, a Texas limited partnership, on December 12, 2003. The purchase price was $2,750,000, which was negotiated by reference to market comparables in the vicinity of the property.

To: da_cheif™ who wrote (26161)	12/21/2003 4:28:03 PM
From: ahhaha	Read Replies (2) \| Respond to of 27311

how do you spell reverse hed n shoulders....above 5 its gone It's an error to look for reversal patterns before the original wave has completed its full tour. One can look at VLNC's chart and identify Nov. '02 as count 1, May '03 as count 3, and since Oct the stock has been forming a count 5 distribution top. In Oct., on Fri the 13th, the stock made a volume thrust which had no carry through. Then it traded way under daily average volume. In December the stock is churning due to distributive selling which could be interpreted as a right shoulder. The money flow structure is, like it is with many NAZ stocks, horrible. It's a miracle the stock only churns but this price propping is due to the amateur public getting pumped from the company's potentially provocative fundamental developments. On Oct 1 money flow which had been already sinking started down hard creating a pronounced divergence between price and flow. The elastic state has been and remains levered to the down side. There's too many orders being put in the book below relative to current selling intensity. Further, when market orders to sell hit they go off at the best bid. Not so with market orders to buy. They go off below the best ask, and the difference in VLNC is one of the worst on the NAZ. Most NAZ stocks are being distributed at the best ask. The only constructive thing in the money flow structure is the net flow of neutral ticks, and represents sentimental buying induced by market wide psychology. On a longer term basis VLNC has rallied up underneath its '98 -'99 bottoms. If the stock fails in its '03 parabolic rise at its current level as suggested by the above comments, it could fall for the next 16 months down to its long term neckline at $.40. That would be consistent with the bear view that the move up since Oct '02 is only a bear market rally. On the other hand all the above is only what the market has done and what interpretations suggest assuming persistent state. If the company signs big deals, the state will blow out of those bounds and kick the bearish argument into a cocked hat.