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

To: hcirteg who wrote (5833)	12/8/1998 1:21:00 PM
From: ken carney	Read Replies (1) \| Respond to of 27311

well folks what can you say....what goes up must come down...(but did it have to be so soon).....this stock was bid up on anticipation of news from the analysts visit....hitting its peak 5 days before the event....(gives u an idea how much anticipation therefor emotionalism built in here)....no news....all those who margined and piggybacked had to let go some of their position....I do not see big blocks going so we know the people in the know are still positive and no bad news came from the visit....what I think will happen is that between the 10 th and certainly by the 15th we will know the story of this stock....most of the confusion will be cleared up....I suspect today hit a crescendo of selling but will see for confirmation in the last minutes of trading...ifs its about 8 that will be good....(halfway between 11 and 5)....we can stabilize and begin to climb....does any one know if there is an advantage to announcing a contract in the new year versus the old year....some how i think its important....maybe for accounting reasons....but maybe 12/31 98