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

To: hcirteg who wrote (11373)5/25/1999 12:37:00 PM
From: Pallisard  Read Replies (1) | Respond to of 27311
 
Certainly this is good news, showing progress toward planned goals. But this is not yet that first big primary leap into commercial battery-making that we've all been waiting for. I think a lot of the retail action today represents short covering as well as establishment of new positions by 'sideliners'. When the short interest figures emerge for May, I believe you'll see a substantial drop. Meanwhile Valence continues to ride that long uptrend line from last Sep showing a gathering of momentum, perhaps toward a climactic breakout.

Sill very long and very optimistic. Regards to all.



To: hcirteg who wrote (11373)5/25/1999 2:57:00 PM
From: P. Ramamoorthy  Read Replies (1) | Respond to of 27311
 
HC - institutions won't come in yet. They need the 10Q 10K cash flow details, p/e, earnings growth, etc. Some money managers may step in, in the 10-20 range. Before institutions kick in the price push will come from short sellers. I suspect VLNC may be releasing a series of PO news in the next month or two and address the financing issue by the end of June. JMO Ram


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