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

To: Dennis V. who wrote (10969)	5/1/1999 5:39:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Dennis, I tried to follow it on Friday for a possible fast trade, but it went up on so few shares from the $6.5 level, I could not squeeze in, and I gave up. When watching the B/A the size of the ask was always dominant. None of these indicators is really foolproof, but when you take them together you try and get an idea of where it might go. Right now, the bias is down, not up, and if $6.5 breaks, that will means that the weight of both the lack of a PO, the uncertainty of the impending financing and the suit overwhelmed the bulls. Zeev