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

To: webpilot who wrote (2152)	2/13/1998 8:24:00 PM
From: I. N. Vester	Respond to of 27311

VLNC value Oct/Nov was $8-9. There was no good reason for it to drop so far down. It would have retraced naturally in Jan if not for CR over supplying the market. The move now is simply gravity, imo. $4 was NOT, NEVER a reasonable value. The market told us last year that reasonable value before production announcements was $8-9 range. Does anyone think the market was lying then? If not, we should expect it to rise to $8-9 now, IN ABSENCE OF ANY announcement of FUNDAMENTAL CHANGE. I don't understand the fishing for takeover rumours, etc. Look back up this thread please! The thread has deduced the above (that it failed to come back up sooner due to CR related oversupply). No need to look further. Markets do not usually defy gravity in either direction for very long....