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

To: mooter775 who wrote (1558)	12/5/1997 8:43:00 PM
From: Javelyn Bjoli	Read Replies (2) \| Respond to of 27311

>you'll let us know when to sell, ok? Ride the runup for 2 quarters after first customer ship. If VLNC really does announce a customer in February, the broker/investor press hype should begin in earnest by March or April and build through the summer. By September all the suckers from IOM chat rooms will have heard of VLNC. Sell before quarterly results are announced in September - they cannot possibly live up to the hype by that point. They will spike down sharply and then drift down for the rest of the year, perhaps resuming an upward trend in January 99. Target price at top of spike: 35. Bottom of post-spike drift, 15. By end of 99 they will be over 50 IF they don't encounter major problems ramping up to meet increased demand (but don't count on it).