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

To: Larry Brubaker who wrote (2497)	3/26/1998 9:21:00 AM
From: J. M. Burr	Respond to of 27311

LB: I recently dumped this baby as I began suffering the pangs of deja vu "all over again". Haven't we gone through this period of agony waiting for a company announcement? I intend to buy back in at 4 1/8 - 4 1/16, expecting that the same forces that drove this stock down toward the 4 level are doing it again. The only thing that could screw up my activity (based entirely on psychological factors) is a company announcement that production has reached x level at Henderson and that a marriage has been arranged with y company to finance production at z level. Knowing how valence operates, I figure the March announcement will be a dud. If I win, many lose. Let's hope I'm wrong. Tumbleweed.

To: Larry Brubaker who wrote (2497)	3/26/1998 3:26:00 PM
From: mooter775	Read Replies (1) \| Respond to of 27311

My understanding is that the burn rate has indeed been cut down a bit by LD, and not only in CR's and Bill M's salaries. If Bill Sharp's read from the FRB rep is correct, then the company has already stated that they are on target vis a vis the February press release. And I'll assume that unless I hear otherwise - whether we have a 3/31 conference call, press release or not. As I've said before, this company has been accused of over-promoting (and the silence of their promotion is really deafening)_and over-promising - though I haven't seen any real pulblished "promoses" other than the Feb press release. All of us should note that those who are out of the stock or don't have a full position are probably "wishing it down" so we at least have the opportunity to buy back in at a lower price if some positive announcement is made. And those of us already fully invested in the stock are constantly "wishing it up". I felt the same way last fall when I lightened up my own position upon learning of the assemblling difficulties of Line 1. Now I am more fully invested and am pretty confident of the progress being made in integrating the various parts of the line. I may be wrong, but will wait until I find out that the February press release is indeed inoperative. But I don't know if there is a press release schedule for next week, and I'm not expecting the stock to crater if indeed there is none.