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

To: Greg McDaniel who wrote (8432)	2/16/1999 11:40:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

Greg - Re.:"... we will be sailing against the wind..." You hit the nail on the head, Greg. Glad you noticed. When I heard about Dell's sales slipping this Tuesday morning, I surely thought of kissing my predictions good-bye. I thought that NASDAQ and the tech sector were going to hit the skids today. (Dell's ROCE has been skyhigh.) After watching the 1/2-9/16 point gain at one times average daily volume, around 2 PM, I realized that we sailed against the wind, confirming the investor confidence from the last week's CC. Tech sector volatility is still a possibility. With no news of P. O., VLNC is subject to more fluctuation as nervous investors sell at the earliest sign of negative news about VLNC or general market conditions. Did not mean to post a long message. Your astute observation of today's stock price action pushed a button. Let us see what happens next three days. Hope it adds 1/2 point or more per day for next three days, on strong volume, to form a trend. Good luck! Ram