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

To: hcirteg who wrote (8455)	2/17/1999 4:14:00 PM
From: DKR	Respond to of 27311

Eight is great, but don't drive yourself crazy watching 1/16 and 1/8 moves. We all know this is a hit or a miss, be patient, news will move this one in time...

To: hcirteg who wrote (8455)	2/17/1999 4:18:00 PM
From: mooter775	Read Replies (1) \| Respond to of 27311

The 5,500 shares offered at $ 8.00, followed by the attempt to push the stock down with three successive block sales (around 4,000-5,000 each) has the smell of a short selling trying to keep reins in on the stock. The fact that the bid was hit with the shares, lowered to $ 7 13/16, then came right back to $ 7 7/8 at the close indicates to me there is at least one serious institutional buyer out there. Several pretty well-respected technical folks with whom I occasionally talk confirmed a pretty nice looking breakout. Still need some news confirmation in due course to really move the stock, but its internal activity seems to be shaping up a bit better.