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

To: Sig who wrote (3031)	5/26/1998 4:29:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Who's buying and who's selling? Oh, at this point there's probably a fair amount of MM machinations and hijinks afoot. Perhaps a sizable percentage of the volume is based on MM's trading amongst themselves. In a nutshell....who knows!! But I don't expect much movement to the upside until the next "state of the union" announcement from VLNC although when compared against the NASDAQ's current Tech slide VLNC's doing pretty well, eh? As long as they're keeping the 'ol head down and concentrating on OEM p.o.'s I'm just fine with that. Meanwhile, unless any major negative news of note occur's me think's VLNC is merely consolidating and building a good firm floor(launching pad?) from which to spring to the next level once contracts are announced. At least that's my view. Regards! John~