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

To: Pallisard who wrote (8966)	3/6/1999 7:46:00 AM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Good call Pallisard. Zeev's mission is to intentionally cast doubt about vlnc with little supporting evidence. A few weeks back he was supporting ulbi because of the strong "technicals" but he selectively ignored the fact that ulbi is in it's own "death spiral" succumbing to the pressures of it's shareholder lawsuit. Follow Zeev to some of the other threads he posts on namely HEC and watch his selective predictions and then the self congratulatory tone. It really is amusing.

To: Pallisard who wrote (8966)	3/6/1999 10:12:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Pallisard, I cannot disagree with your statement, except that I typically look at the three months OBV (it gives me a better feel of "smart money"'s action) and it is still negative. You did not mention the RSI, which I think is somewhat important. The reason I bring up the technicals which are at best neutral, is that we are supposed to be pretty close to a major turning point in VLNC's travails. After all, by the end of this month we either have a sizeable PO or VLNC has to go back to the finance well. If the leaks were such that a PO was "imminent" I would have thought that the resistance at $8.625 would have been vanquished. Absence such a move, I am remaining quite neutral on VLNC. I must say that the technicals in ULBI do not look an iota better (if at all a little worse), but as I stated, there the price has at least a theoretical support from a high book value and ample of cash on the balance sheet. Zeev