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

To: jean1057 who wrote (5815)	12/7/1998 8:55:00 PM
From: lws	Respond to of 27311

While I don't usually speculate about what's behind daily price movements, it seems to me there is an easy explanation for today's price movement. It's the old "buy on the rumor; sell on the news" -- in this case the news being that there is no news. This sort of trading of the stock makes it especially volatile both upward and downward. The fundamental story has not changed, though, since the stock was at 4. Presumably progress toward production and contracts continues while the working capital shrinks. As someone has said so often, "Don't you just luv speculating?" lws