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

To: Dennis V. who wrote (4615)	10/29/1998 5:18:00 PM
From: hcirteg	Read Replies (1) \| Respond to of 27311

Hey all- Gotta love the way the stock has settled down. Clearly MM's are trying to gain more last minute shares. Check the charts...ever see VLNC run up like this before and not give it all back in a matter of days (if not hours!)? IMHO, any movement from 5 3/4 south will be met with aggressive buying. I wouldn't buying more at 5 3/8ths...but I doubt we'll see it unless there's bad news. I agree with FMK...odds of failure have all but poofed away. So, do you feel lucky? THe gamblers are here now and we will see who breaks first...the impatient longs or the impatient shorts. The PROPONDERANCE of evidence leads me to believe that we are only at the start of a very fun ride. It'll be interesting to see if VLNC is closer to the 5 or the 7.5 strike price as we approach the 3rd friday in November. That may play some impact in the price near options expiration. Good Luck to all- GH