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

To: Pallisard who wrote (6085)	12/18/1998 4:47:00 PM
From: Bill 49M	Respond to of 27311

Yes, I agree, it is good to keep it simple. Not only have we not violated the trendline, we are resting on the 30 day MA. Still well above both the 50 day and the 150 day MA. I just don't see where the concern could be. Personally, I would not go drown myself if it did drift lower and violate some of these lines, as long as volume stays paltry and no fundamental bombshells are unearthed. The chart is in line with fundamentals - just waiting around for contracts or other good-news announcements (CEO etc.). Bill