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

To: Pallisard who wrote (11820)	6/5/1999 3:13:00 PM
From: John Curtis	Read Replies (2) \| Respond to of 27311

P: Yah, I wouldn't be surprise to see one more(this'll be the 6th visit, by the way) dip to the low end of the bouncy bouncy. And to my way of thinking it'll be the 6th, and final time. Soooo, here's the plan. Based on the last 6 months of trading history we now know VLNC's bottom point. This is around $6.80 or so. We ain't that far from that point right now so any further dip from here is primo buying time with reasonable expectations that the downside is limited. As everyone knows by now, heh, I've been playing the bouncy bouncy of the past 6 months, and will place one more final limit buy at ~$7 or so. I don't expect to sell this "traders" block this time around because the next rise shouldn't see a return to the $7 range again. Assuming some sort of OEM p.o. announcement is made, THEN it'd be time to use margin with some discretion(like, only going out on margin to the tune of ~25/50% of yer margin accounts potential...why only a maximum of half? Because you want to guard against any potential downside mischief...Fred can attest to the ramifications of THAT-ahem-). Ohh, by the way, I've just referenced the straight, "conservative" tactic. I haven't bother to mention such gambits as the Options strategies you could employ. ;-) Now let me caveat the hell out of what I've just said. This assumes nothing disasterous occurs between now and the end of July, AND this is merely my read of VLNC's current situation. I could be waaaay wrong(remember my assumption about Fourth Shift - heh). Over the short haul, however, I DO expect mischief to occur with VLNC's stock valuation as MM's, shorties and the bulls jockey for gambling/tactical position on what appears to be a MAJOR junction point for VLNC. Can ya STAND all the tension that's building? ;-) John~