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

To: Jibacoa who wrote (2958)	5/21/1998 1:18:00 AM
From: Raven McCloud	Read Replies (1) \| Respond to of 27311

I can say unequivocally how much fun i had playing with the MM "boys." Out of eight trades through the day, while the spread stayed the same, my buys got executed on the bid and my sells got executed on the ask and my sell shorts got executed on the ask. Weird! Talk about churning! Anyway, I also see a near term support around $5.50. I'll be adding to my long term holdings when the price dips below 5.75 or thereabouts. I guess the next churning event will occur when the OEM deals are signed.

To: Jibacoa who wrote (2958)	5/21/1998 11:22:00 AM
From: John Curtis	Respond to of 27311

Bernard: Currently trading very tight at $5 7/16 x $5 1/2 with zippo volume, at least when compared with yesterday. VLNC looks to be staying right in this range until the next set of news. No one's buying, but most certainly no one's selling, either. So if today is any indication VLNC's returned to wallowing around sideways, albeit +1 point higher than recent history. And if recent history is any guide it'll probably float between $5.5 on the low side and $6.25 on the high, but that's a guess. What with yesterday's volume me thinks a new bottom has been established around the $5.5 area, but we'll need a few trading day's to confirm this hypothesis. Clearly although we longs thought the c.c., and news release, was super, the rest of the market is taking a wait and see approach. One can only hope that VLNC at least is now appearing on more monitoring screens, eh? By the way, I'm hopeful that L.D. is putting together some sort of public synopsis of yesterday's call, like he did with his last call. If he's truly market focused then I expect to see it on the wire within a couple of days. This too, however, is only a guess/wish. Regards! John~