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

To: Pallisard who wrote (6355)	12/29/1998 1:38:00 AM
From: MGV	Read Replies (1) \| Respond to of 27311

pallisard, Given that you have sufficient trouble speaking merely for yourself, wise up and don't try to speak for or interpret or quote anyone else, especially me. On a related note, where is johnson? Did he fall out of his chair? Buckle up?? Try strap him in! For the VLNC-long technicians out there, did you reconcile VLNC's poor performance today in the face of yet another strong tech stock rally? If you can't answer that one, try this one. How hard is it watching VLNC share price fall - as it did again today - when so many others are racing upwards? yoest, do you think this post might cause VLNC share price to fall again tomorrow? (just say no, yoest)

To: Pallisard who wrote (6355)	12/29/1998 9:10:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Pallisard, actually the IEI is about neutral, it becomes negative (and thus positive for the stock) when die hard bulls start to utter notions like "I wish I never heard of this stock" (read the HEC thread, it IEI is now pretty close to a turnaround, many of the die hard bulls are uttering these kind of utterances). As for the technical picture, we still are suffering from weak momentum right now, and thus a successful test of the lower part of the current trading range (to $5 or so) is a possibility. If that support is breached, it should be an indication that Mr. Murphy had another trick up his sleeve. The best technical performance would be holding five in face of a rout in the general market. That would indicate very serious accumulation in the low $5, INHO. I think such a test may come next week. My own buying will be in the low $5 with a relatively close Stop Loss, just as I did in my last trade. I am not ready to be a long term investor in VLNC yet, for that I really need to see more actual delivery on the "dream". Zeev