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

To: Gordon Quickstad who wrote (2557)	4/2/1998 9:51:00 AM
From: John Curtis	Respond to of 27311

Bottom line folks is the public date of June 30, '98. So pull up a chair and let's see what happens. As of now, it appears to be opening at $4 25/32 x $4 15/16. Yesterday, shortly after my "paltry volume" comment, the volume became more robust(although not remarkably so) and temporarily pushed VLNC above $5. This may indicate a return to a slightly positive bias for VLNC, short term, but basically it appears to be consolidating in preparation for.......? So say what we will regarding all the recent angst, the proof will be in the aforementioned date. Anyhow, I've adjusted my buy zone to a new range of $4.40 on the low end and $4.75 on the high end with the expectation that, despite the positive bias, VLNC will still intra-day hit my zone.