Sig: >>Hate to say it, but the action the last two days feels like the street sees the manganese patent announcement for just what it was, a public relations attempt to make the stock look good.<<
I have to agree with ya there. BUT, the silver lining in that statement is this is the first indication in a loooong time that VLNC is even CONCERNED about the street, what with them in times past being sooo tight lipped and all. How's that for a positive spin? Heh! (After watching Clinton's team of attack dogs these past few months one could say it's possible to put a positive spin on just about anything....but I digress--in this case it IS, imho, a good sign). And yes, it was thinly veiled to my way of thinking, but once again it WAS a reaction, thus indicating they must be at a point where they don't want the stock to retreat much further. In other words....things must be just a weeee bit "sensitive" right now, eh?
So, although TA on a day basis indicates further pullback is possible tomorrow, TA longer term is still signaling an upward trend. Bottom Line? Come on L.D.....let's see that material event, the suspense is KILLING me! ;-)
John~ |
