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

To: John Curtis who wrote (3600)	8/9/1998 10:27:00 PM
From: MGV	Read Replies (3) \| Respond to of 27311

John, I have been reading and posting throughout the summer - no need for a welcome back. Even w/o benefit of level II, it does appear that on 8/5 and 8/6 the price fell on heavier volume. In fairness, on 8/3 the heavier volume appeared to be slightly on the buy side. In any event, the price is hardly at equilibrium support. As you know, it is under 5 and has a closing bid of 4 13/16. It was 6 1/4 the day before the last CC. The most recent bid is down 23% in a month and a half. It is down 50% from its 52 week high. If a contract is not announced this week, if the cc is another let down, the share price likely will depress further as it continues to search for a bottom (as low as 4 5/8 last week?).