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

To: nealm who wrote (1770)	12/17/1997 7:44:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Nealm: That'd make a nice Holiday gift, eh? But, if you examine the chart from 11/01/95 to 01/30/96 and then the chart from 11/01/96 to 01/30/97, you'll notice a roughly similar pattern. If history repeats(I hope, I hope) then around the 28th of Dec we should begin to finally crawl out of this trench we're in. And that's only a little over a week away. Meanwhile, it looks like VLNC is continuing to "back and fill," meaning buyers briefly shove the price up, but remaining margin call holders use that brief movement to close at smaller loses, taking it down where it's bought some more. It looks like a floor has formed around the $4.5 range. Right about where it was last year when it started its move. A few more trading sessions like this and, barring any major negative news, we should be in a good position for that vaunted 1st qrtr '98 product launch. We shall see, eh? Regards! John~