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


To: Chisy who wrote (8668)2/24/1999 4:06:00 PM
From: Pallisard  Read Replies (1) | Respond to of 27311
 
The uptrending line at present is about 7.25. It got down there today and bounced quickly, showing some strength. I think 7.5 may be the area we settle in for the rest of the week unless there's PR. If it holds here, you'll have to settle for 11/16 on those Mar 7.5 puts, and, with a show of unwillingness to weaken, that opportunity could pass quickly. IMO



To: Chisy who wrote (8668)2/24/1999 4:27:00 PM
From: Jay Lowe  Read Replies (1) | Respond to of 27311
 
>> Where do you see this puppy bottoming?

Is there any doubt as to the pattern? This will drift down slowly until the next news event, formal or informal, the timing of which is essentially unknowable.

In any case, as the man said, I see strong support at $0.00.