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

To: I. N. Vester who wrote (3868)	8/21/1998 9:54:00 PM
From: William	Read Replies (1) \| Respond to of 27311

Does VLNC have a web site? Anyone know the URL? TIA William

To: I. N. Vester who wrote (3868)	8/22/1998 10:10:00 AM
From: John Curtis	Respond to of 27311

I.N.: I think most of the margin related selling pressure has eased at this point. And reviewing yesterdays trading data indicates some sizable block buys occurred. This combined with the way VLNC ended up makes me think that to the extent this recent wave of selling was triggered by margin calls then to that same extent the pressure should now have eased. Of course the proof will be Monday/Tuesday, but I still think we've seen bottom. As for any positive pressure.....well....as I said, we'll have to see how Monday shapes up. I think we'll be back into the $4's but we'll have to wait and see. Meanwhile, having kept a percentage of cashesh dry for just such an event as this....well......I've added to my speculative holdings once again. I've got a nice core bunch of VLNC now. Now let's see how the next few months go, eh? Particularly with the overall market undergoing a bearish transition, me thinks. Time to pull out the 'ol bear strategies from days gone by. Bottom line? The Marketplace, just like VLNC, is getting more and more interesting. Regards! John~