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

To: Greg McDaniel who wrote (6660)	1/3/1999 5:47:00 PM
From: Tickertype	Respond to of 27311

Thanks, Greg. Makes sense. There's also the possibility that something really good is announced at that meeting and it drowns out the profit takers. Always the optimist, I am. - T -

To: Greg McDaniel who wrote (6660)	1/3/1999 11:27:00 PM
From: P. Ramamoorthy	Respond to of 27311

I agree with Greg McDaniel's sell off after the 2/4 meeting. The mild wave of buying is in force in January. Let us see if this mild wave is strong enough to break the resistance at 7 7/8-8 3/8. If it is, the price will start the first wave of speculation fueled by GREED, moving up (simply due to the fear of not being left out), before the 2/4 meeting and the high expectation from the company. After the 2/4 meeting, short of those high expectations or whatever is the reason, there will be profit-taking. As soon as the quarterly earnings show up in the bottom line, the second wave will start as the momentum guys join the party. $100 (by Fundamental analysis) may not happen by the end of 1999, it looks more like 1st or 2nd qtr year 2000. That is when the third wave will kick in and we go to the top. The fourth qtr may be plagued with the y2k hysteria. I do not know if the y2k would impact negatively on VLNC or not. This is all just opinion, or tea-leaf reading, and "trash" thoughts. Ram