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

To: Pallisard who wrote (9506)	3/18/1999 9:24:00 PM
From: Dennis V.	Respond to of 27311

Hi Pallisard, I'm seeing signs of positive trend in money flow and the general short term cyclic pattern looks ready to turn up. However, the stock does seem to be tracking the market to a degree and not sure what it all means. (Volume picked up but so did the overall market). I'm concerned that VLNC's efforts to raise money through capitalization may be coming at a bad juncture. Zeev is probably right about the "spring correction". The DOW is topheavy and the Russell 2000 and many secondaries have done nothing for months. "Value" stocks like D.G.'s MIKL and many others are sucking wind. Today, the DOW and NASDAQ were up big time, but there were more new lows than highs. My confidence in VLNC is not diminished, but it will be tedious if "the news" and funding efforts come at a bad time in financial markets. The correction, when it comes, will not last more than 3 mos and it will be off to the races again. VLNC will be able to survive and grow its business, but as lws has noted, things have to go right.

To: Pallisard who wrote (9506)	3/18/1999 10:25:00 PM
From: Jibacoa	Read Replies (1) \| Respond to of 27311

The way I still see it, VLNC has been making higher lows since the low of 5.06 on Dec.22. ( 5.88 on Dec 39; 6.06 on Jan.25; 6.38 on Feb.9; 6.50 on Feb.12; & 6.75 yesterday and today) The price today closed just below the 10 day average line (which is at 7 1/8) The 25 day average is at 7 3/8. I still want to see the 10 day average above the 25 day average. Although the stock has to close above the double top it formed at 8.63 on Jan.7 and Feb.19, I am planning now to start adding up on a close above 8 and more when it closes above the previous "double top", as the next "hurdle" will be the 11.31 high of Nov. 27 The BOP just turned again to the + side today. The Money Stream has remained neutral for the past week. I remain long and planning on adding up. Good luck to all