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

To: J. Liu who wrote (1461)	11/29/1997 4:58:00 PM
From: Paul Dubsky	Respond to of 27311

Anyone want to call VLNCs IR company to ask for a comment? Re: S&P reports - I don't put too much faith in them to predict price movements, only to give me the basics of a company. FYI - They had a very positive rating on Informix before it's meltdown to $7 (it was around $20 at the time). I would place more comfort in Red Chips forecast than S&Ps. S&P just doesn't have the time or resources to "predict" these small cap stocks. Red CHip does, that's what they do. (I just checked out the on-line S&P guide and there wasn't much to it. Pretty much a non-event from my perspective. Something else is up.) I've got a limit order to buy (even) more VLNC at $6.50 on Monday. I'm just hoping this recent price drop is individual investors getting squeezed out. According to Stock Smart, there were only 2 large block trades in VLNC on Friday, and only 1 on Wednesday. So, the drop has been individuals selling, not institutions. I tell you, we've got a classic scare tactic going on here. If you've got a long term perspective, just buy as much as you can get your paws on at these prices, like Don Wollanchuck says, just buy and put it away.