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

To: FMK who wrote (5554)	11/24/1998 7:40:00 AM
From: hcirteg	Read Replies (1) \| Respond to of 27311

FMK- Ken Carney has the best synopsis...a few posts ahead of this. Go back and check out my posts from the last 60 days and you'll see (for a change) that I have been right on with VLNC. It's old news and rhetorical, but you and I both agreed that no matter what "we heard," the market would absolutely tell us the VLNC house was in order WELL BEFORE we heard anything. The market has spoken. Check out the two beautiful backfills over the last 60 days. Last weeks retrenchment to $7 1/8 was very healthy for all of us longs. In fact, last week (while we were near that level) I predicted a retest this week of the 8 15/16ths level. We are in unchartered territories here now. I do not subscribe to TA that goes back more that 12 months, especially on a small cap like this where there are very few long term holders that held on longer than that. IMHO, the resistance that we will see will simply be those with large short term profits pulling some cash off the table. Ken is right..the DEC 3 analysists visit is THE key. I can't imagine they would throw such a party without giving specific news or clues as to 99 revenue. Let's face it, you invite the analysts in when you feel you are ready to fly. The movement over the last 60 days has indicated the market beleives this may be for real. I said it before and I'll say it again, the stock will double when the first contract is announced. And because I believe we are within 45 days of this momentus occasion, I am holding my March 5 and 10 calls very close to the vest. Quite simply, there is no better play in my portfolio than this one right now. It's almost surreal, but we all hope it is real! Glad I am long...regards to the "barking dog network" for all of your help over the last 18 months. Don't get "happy yet," remember we need 20+ to get to Vegas for the VLNC party! Stay vigilent and keep the good Karma going. Warmest- HC PS...blind today folks so other TA idiots like me need to keep the thread up to date.