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

To: jean1057 who wrote (4242)	9/18/1998 9:29:00 AM
From: FMK	Respond to of 27311

Jean Claude- there is good reason to remain in high spirits! Dave Archibald's 20,000 share purchase has finally shown up broker's insider screens. Another point-there could be a lot of stock offered around $5 in an attempt to hold it there to make the 5 calls expire worthless. I would consider this stock a bargain because option pressure will disappear on Monday and it looks like there are some serious buyers out there who have been accumulating for the long term. The insiders have likely bought more since the end of the month (that will be reported by the 10th of next month) and they cannot sell within six months even if they wanted to. IMO the institutional buying has been done with a long term purpose and margin selling has diminished. Accordingly, there should be less stock available resulting in upward price pressure. Regards, FMK