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

To: Rich Wolf who wrote (11203)	5/18/1999 5:18:00 PM
From: P. Ramamoorthy	Respond to of 27311

A nice gain of 11/32 on moderate volume is good for a change. Ram

To: Rich Wolf who wrote (11203)	5/18/1999 5:47:00 PM
From: Pallisard	Read Replies (2) \| Respond to of 27311

Encouraging post Rich. This show of moderate strength today in the absence of news could predict an inkling of inside observations about coming P.O.'s, although the volume was relatively small. On the other hand we could be seeing some of the smaller short positions getting worried and starting to lighten up as we approach June. And of course it could be a combination of these and other things. Have you heard anything from the grapevine? :-) The chart shows a long uptrending line from last summer that seems to be defining Valence's general trend. The indicators that were slightly negative are turning positive, and the others are gaining steam.