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

To: Matthew Leo who wrote (2172)	2/15/1998 11:41:00 AM
From: John Curtis	Respond to of 27311

TA, Stochastic's, all the various "wave" theories....and don't forget that ever popular Random Walk. It all amounts to a certain high-tech devination technique that we all employ in this Wall Street game. But, after all due consideration, you guess. Granted it's an educated guess(this is how we convince ourselves to lay down hard earned cash), but it's still a guess. Don't 'cha just luuuuvvv this game? My guess is we'll know soon enough. The saving grace appears to be not IF they can make a functioning product, but WHEN can they MASS manufacture it. Rumor, thread-gossip, private e-mail, etc., seem to indicate that VLNC will soon be doing just that. So after reading the goat entrails......me thinks I'll stay on the long side of this situation for the time being. ;-) Good luck to all of us. Oh, yeah, having been so buried in work this week I gotta say this....MONDAY is a holiday?? President's Day....ah, jeeez, and I didn't even realize it. I gotta get out more....ahem. Regards! John~

To: Matthew Leo who wrote (2172)	2/16/1998 2:20:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Matthew: The point I was trying to make regarding TA and CR's selling is that looking at the weakness of the stock one week ago purely from a TA standpoint would have been a pretty strong argument to sell. I was getting more and more uncomfortable with the stock weakness until FMK pointed out the magnitude of CR's selling. Then the light bulb went on; CR's selling, at least in part, was probably to raise funds to excercise options before they expired. The magnitude of his selling was certainly enough, given the low volume, to explain much of the weakness of the last several weeks. So, while TA was telling us a week ago that this was a sick stock, what was going on behind the weakness may well have been quite a bullish indication. I know I felt considerably better at the end of last weekend than I did at the beginning. In this case, TA may have been sending a false signal a week ago.