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

To: Gordon Quickstad who wrote (2773)	5/2/1998 11:36:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Gordon: FWIW, Second Opinion, which had upgraded VLNC to a buy in February (right around the CC runup), and a strong buy two weeks ago, has now downgraded VLNC to neutral.

To: Gordon Quickstad who wrote (2773)	5/3/1998 10:54:00 AM
From: John Curtis	Respond to of 27311

Gordon: It looks like VLNC is repeating, for the third time, the cycle established a few months ago. That is, bouncing in a range from ~$4.50 on the low end to $5.50 on the high end. The pattern seems to be one of languishing around $4.50 to $4.80 for a period of time, then a gradual(several day) move up to around $5.50 where it stays for a time. Then, suddenly, the Bid is dragged back down(usually in one, to one and a half, days) to that $4.50 area. So now it's heading to the top end of the range. Will it repeat? Welll, maybe, but maybe not since my gut is telling me we're approaching a critical time. This rise could signify "pre-launch" testing of break-out on some sort of positive news. Just my attempt at reading the 'ol tea leaves. Regards! John~