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

To: Herb Blair who wrote (3737)	8/14/1998 10:03:00 AM
From: DKR	Respond to of 27311

Just an observation, I think it might be informative to watch short interest and option activity. It is possible that Castle Creek could cause more volatility with various hedging strategies. Also, shareholders that don't follow the VLNC story closely may have seen the 10 Q (with $2 million of cash) and bailed. I have added to my position and believe the risk reward potential is hard to ignore. I recognize the risk and accept it, I don't need anyone to repeatedly remind me that a $4.50 r/d company carries a significant amount of risk.

To: Herb Blair who wrote (3737)	8/14/1998 10:42:00 AM
From: John Curtis	Respond to of 27311

Herbert: "No new information." And therein lies the rub, and the opening some strategies need to be successfully implimented. Bottom Line? The Streets heard nothing of substance, just more "analysts around the corner, the laminates look good, etc., etc., etc.." That c.c. strategy clearly has lost its impact. Of course, given the current overall market turmoil(which may be forcing some folks out of VLNC simply because of other portfolio "hits")....welll.....nervous money is nervous money, eh? Clearly VLNC is under negative pressure, what with current bid/ask at $4 1/8 x $4 3/16. Direction is slide-away down. Hmmmm....my $3.75 buy just might not be all that far-fetched, but if it breaks $4 I'm gonna move the buy down some as I expect breaking that "floor" could result in a quick, sizable slide from there..... Let's see how it goes. Regards! John~