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

To: Bill 49M who wrote (1880)	1/6/1998 2:25:00 PM
From: John Curtis	Respond to of 27311

Clearly trying to predict where VLNC will be 1 month, 2 months, 6 months out, is the equivalent of trying to predict the next California earthquake. You know it's coming(the rise in value), you know it should be fairly major when it does happen, but as to when........HEY, who knows? At this point it's fair to state that everyone appears to be set for big-time motion some time this quarter. I say this because volume has dropped thru the floor(ie. as of right now only 13K shares have traded--paltry by recent days; indicating folks are now "standing pat."). As for how big the jump will be.....well, I ain't no seer, ;-). I stay away from prognostication simply because I then run the risk of becoming a fool(no offense to those who like to guess on future valuations). Suffice it to say that I hope for an easy double from current levels by mid-year. That'll make a nice, initial ROI; and for the year after that......I say it's all gravy baby!! Meanwhile, should other energy related plays be of interest to folks, look at Ballard Power(BLDPF). They've a yearly chart that look's like an Arianne Rocket launch($20 to $$80 in one year), and they're up over $4 today. They're into fuel cell technology and have been receiving good press of late. Regards! John~

To: Bill 49M who wrote (1880)	1/6/1998 2:27:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

<<Also you can stop the forecasting>> Bill, from the information I was able to acquire, I sincerely believed that we would be in the teens by the end of the year. A manager of a very large fund was buying heavily in the 8's with the belief that Valence would have a contract announcement at the time of the AEA show. We know it didn't turn out this way and I apologize. I was forced to liquidate 75% of my position on the way down and lost about 1 1/2 times the value of my house. I believe the stock is now tremendously undervalued and have been acquiring all I can at these levels with available cash, leaving some safety margin. But thanks for the feedback, I knew someone would eventually remind me.