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

To: Zeev Hed who wrote (6342)	12/28/1998 11:42:00 AM
From: David Maginnis	Read Replies (1) \| Respond to of 27311

You said "if the technical picture at ULBI does not improve by the second week in January, I'll be out of it". How low do you believe it can go? They have $3/sh in cash, how often have you seen a stock trade below cash value? They said at their annual meeting that their 6 month sales are up 60% over the previous 6 months.