Welcome to the thread, David. In TA speak, when a stock hits a price that it doesn't seem to be able to overcome, it's called resistance. Just because a stock doesn't break through resistance doesn't mean that it's negative. What is actually happening now is consolidation of the short termers who bought in at 5.5/6 range and are selling at the 7 range. (Not a bad return in a couple of weeks.) Once these investors are cleaned out, then we'll resume our gradual upward trend in price. Also, mind you that this is all ocurring on NO NEWS in the press! The last news announcement was when the new R&D chief came on board, back in March. THIS IS EXTREMELY POSITIVE!!! Consolidation in the price of a stock is very healthy, especially one's that are as thinly traded and unknown as VLNC.
As I've posted repeatedly in the past, I really believe that we're on the verge of "something happening" with VLNC. The company continues to assure the community that they are on for product certify by the end of this month. Not much room for error if they really weren't. Also, they have nothing to lose by stating that product certify will happen "this year" rather than by the end of this month/first half of 1997.
FMK makes an outstanding comment about institutional investors. WHEN VLNC comes out and announcesthat they are able to mass produce batteries to spec for OEMs, then this one will soar! The supply demand ratio is very much in VLNC's favor. Competition in the personal electronics field is intense, and anything that would give a Nokia, Motorola, HP, etc an advantage, especially battery design and shelf life, would be in huge demand.
Good luck with your investment in VLNC.
(Re: your investment in other battery manufacturers....are you doing this to hedge your bets, or are there more compelling reasons? We solicit any information that would be of interest to VLNC, especially info on the COMP!) |
