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

To: Larry Brubaker who wrote (1484)	12/3/1997 12:48:00 PM
From: shasta23	Read Replies (2) \| Respond to of 27311

Larry, don't you think that the momemtum players are already out a long time. Tehy don't wait to see the stock go from 10 to 6 1/16. OK, tax related selling from the people who got in at 9 and now face a nice 33% loss could be the fact. But you're right about the fundamental picture which is intact(as far as we knowand we know last!!). One thing that's kinda mindsoothing is the fact that volume is not excessively high and will be probably around their 3 month average of 136500/day. And on a tickchart i see nothing bigger than a 5500 block (i guess it was a sell) going through...still the price is nothing to cheer about. Support is around 5.5...who would've thought we see these levels again!! Stefan

To: Larry Brubaker who wrote (1484)	12/3/1997 1:05:00 PM
From: Robert Cohen	Read Replies (3) \| Respond to of 27311

Let's take a look at what information is in the public domain. We know that there are around 800 share holders plus institutional holders and insiders. If we accept the fact that Valence is close to production and OEM contracts and that most stockholders are aware of this info why would anyone be a seller? Either the information is flawed ( can anyone spell "pump and dump") or stockholders are uninformed (I doubt this) or the info is accurate but stockholders don't believe it. It's hard to believe that a significant number of investors would take a tax loss and then buy back at much higher levels once news is announced. I should add that I am a long time holder of Valence, it makes up a large portion of my holdings and that I was around for the fall from 20 to 4. The recent drop in price feels all too familiar. Robert