Today, VTSS has put up the best performance I've ever seen even with the best quality companies. With NAZ down 2% and almost all the tech leaders down, VTSS has gone up almost another dollar. If the market did recover in late afternoon as I hoped (around 2:30pm), VTSS would have finished well over $28, perhaps even in $29 range. Unfortunately the market went down another 2/3 of the day's loss from that point on, which eventually pulled VTSS off from $28. Personally I think today's late round market sell-off was overdone. Tomorrow morning both DOW and
NAZ will have a jump start, which will push VTSS to start at well over $28. In fact, in today's after-hour trading, VTSS has traded more than 100k shares to finish at $27-7/8, an obvious bullish sign for tomorrow's trading. As for how high VTSS could go tomorrow, my guess is that, if the market goes up handsomely (DOW 100 pts, NAZ 20 pts) then we will definitely break $30, perhaps even go as high as $32. Even if the market has another down day, VTSS will still rush toward $30. In any event, next week VTSS will definitely go back to its comfortable trading range of $32 ~ $36. |
