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

To: jean1057 who wrote (2124)	2/12/1998 5:44:00 PM
From: Paul Dubsky	Respond to of 27311

....Assuming there is one..... I do believe that today's action is even more significant than yesterday's in that it stayed above $5.50 at the close, and didn't drop down significantly after such a big run-up. Natural to see profit takers on no news. If we finish up tomorrow with a gain, I'll be very excited about the 17th. On the open on Wednesday, looked like 100,000 shares traded. Today, looked like most big share blocks were buys. Are we finally going to see $7 again (and break-even for me)? Boy, what a difference a couple bucks makes....

To: jean1057 who wrote (2124)	2/12/1998 7:30:00 PM
From: Emmo	Read Replies (4) \| Respond to of 27311

I think you might have to wait. Even if they announce they are able to mass produce cells in decent volumes, there will be a long delay before any contracts are announced. Any potential buyers will still have to go through their own lengthy test of the finished product. (see the 10K) Since mass production has yet to be announced I have to assume buyers have yet to begin their test of the product. Hand made prototypes don't count. However the outlook is very positive as the price spiked higher on a rather bland earnings report. I have to assume buyers saw recent earnings as testament that the company is still on track and none of the wheels have fallen off.