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

To: Gordon Quickstad who wrote (3768)	8/16/1998 5:38:00 PM
From: John Curtis	Respond to of 27311

Gordon: P*ss poor investor. LOL! Yup, I think more than a few of us are gonna feel that way if VLNC turns out to be a ship on the rocks. Ugh, let's not even go there, eh? Bottom line. The following indications signal VLNC is on track. 1) Good financing arrangements. I know, I know, arguments abound about this but over the next 6 months it IS good financing. Should they not make their milestones....welll.....one poster on Yahoo has compared them to the plague from an investment standpoint should they drop the ball over this period. Although a harsh indictment, it is one I tend to agree with. 2) the c.c. has further enhanced the idea that VLNC is rapidly converting from an R&D shop to a full commercial shop. This is supported by 3) the hard evidence of the Belfast job ad's looking for "grunts"(sorry for the term, I don't mean to denigrate the role but you always hire the TRUE workers and support teams last, eh?) As for the 1+ point slide of last week on HUGE volume it's anyones guess as to why. I'd argue it probably AIN'T short selling, but if you stand back and take a look at the general market conditions and how they've deteriorated during this same time....well....VLNC speculators just MAY be getting hammered from a variety of points on the compass. Still, I'm looking for volume reversal indications Monday so need I say the initial weeks trading is critical right now? By the way, last week key's off one fear I have. Wouldn't it be our luck to have VLNC announce p.o.'s, etc., right in the teeth of a full general market correction. As my god-child would graphically say.. :P!! Here's to Monday! Regards! John~