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

To: hcirteg who wrote (10671)	4/24/1999 8:36:00 AM
From: Dennis V.	Read Replies (1) \| Respond to of 27311

My take on last two days; Thursday action involved larger individual trades on the buy side and overall higher volume. Friday was back to previous pattern with smaller trades and some profit taking. Thursday action was influenced by the bull market but I noticed that VLNC was up 11% while the Russell 2000 was up by much smaller amount, less than 1%. Suggests that "smart money" was taking position(s) on private research or inside news. Since there was no PR on Friday, smaller traders took over the action with buyers receding as in a typical Friday. This forward two steps, backward one step seems normal given no PR. I wonder if the Energizer backdated release had something to do with the Thurs rise. The pop on Thurs. could be explained if someone confirmed that the bunny is packaging Valence batteries. (???) Overall, technicals have been improving as noted. Money flow has been zigzagging upwards, stochastics are trending up...

To: hcirteg who wrote (10671)	4/24/1999 12:53:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

HC Though the company has been a disappointment in the marketplace in comparison with what management has suggested it might do over time, the irritant with respect to VLNC is with statements by cheerleaders that fly in the face of publically available information. At best, the statements are egregiously irresponsible if not purposefully misleading and even fraudulent. A company that fails to execute is a company that disappoints. It is nothing more. Likewise ordinary investors who allocate some of their disposable income on a speculative dream - the stock equivalent of a lottery, I have no problem with them. It is the third category that needs to be exposed and challenged. FTR I've never been short in VLNC (or any other stock). I have mostly been on the sidelines with VLNC. When I've owned it, it has been with insubstantial "toe-wetting" positions. The record with those positions is a wash. Some have been eliminated with gains, a few with losses. Neither the gains nor the losses have been significant. Each has been infrequent.