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

To: hcirteg who wrote (11199)	5/18/1999 4:04:00 PM
From: William Epstein	Read Replies (3) \| Respond to of 27311

heirteg; I have been watching the stock for a month now. I notice everyone wonders why the stock seems to be floating on air. It doesn't fall below 7 for long and yet, there is no fundamental justification. What seems to be fundamental is that the MMs are expecting something like a big PO or that, in order, to make money on the upcoming offering they can't let the price fall too much. They will certainly want to pump it up for that. I don't care, either way or if both are likely, so long as, the price rises. Remeber I also said, that the chart shows that they seem to like to take it up around the end of the month for a quickie. Its still a good bet. Thanks. PHOTOMAN