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

To: Emmo who wrote (1534)	12/4/1997 5:23:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Emmo: I don't think anyone was expecting this particular "gift." Quite the volumetric carnage unfolded today, eh? Could it be a case of those that don't know panicking, and those that do know saying, "gimme those shares?" Time will tell. If it's not clear by now I gotta admit I'm in the "gimme" category. ;-) Still, viewing the VLNC trading landscape makes me think of that movie, Braveheart, and the views from the battlefield shortly after the Scotish victorys. That is, lot'sa blood, gut's and crying going on......but the leaders survive to go on an prosper(if you consider the Mel Gibson character's ultimate fate one of a prosperous sort, heh). Where to from here? Well, IF everything is on the "up and up" then I'd expect us to break $6 on the upside and some wee surge given everyone today licking wounds, or evaluating positions and concluding this is one hell of an opportunity. That would be IF they recognize that this news, despite its piss poor(pardon my "french") timing, ain't as bad as it initially appeared. Particularly with a new CEO onboard; one with a heightened/refined sense of P.R.. The only concern I've gotten, particularly in light of today's blowoff, is the tax-loss selling issue. It may keep the upside subdued for all the obvious reasons.....we have a few more days of that sort of contentious trading to deal with before VLNC gets on track. Of course, this is allllll predicated on the viability of such news as Mooters, and others, being accurate. By the way, thanks for all the data Mooter and FMK. I can't wait to see what happens tomorrow. Who says the market is boring? Regards! John~