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

To: Jeff S. who wrote (2602)	4/7/1998 12:48:00 PM
From: John Curtis	Respond to of 27311

LOL!! Sorry about that. But it seems VLNC just cannot get up enough "head of steam" to surmount that $5 ceiling. However much it bangs up against that ceiling, it keeps pulling back(currently trading at $4 5/8 x $4 11/16. The spread is very small but, excepting yesterdays initial volume surge at the beginning part of the day, the volume overall remains weak. This weakness accounts for the lack of movement. Right now VLNC keeps bouncy, bouncy, inside & outside my buy-zone, permitting me more opportunities....albeit at the right price, of course. ;-) So I guess the bad news is there's no stock movement. The good news is.......there's no stock movement(that is, if bad news was swirlin' around out there I'd expect to see it reflected in negative pressure on the price). Clearly everyone's waiting on the other shoe to drop. I just hope when it does it's not in the form of a "more delay's" type announcement. Regards! John~