Eli: Agreed, Larry's rationale about a quick 1/2 flip doesn't make sense. But, having day traded for a quickie buck or two I can understand his hypothesis. The only problem with it is this hypothesis reflects the mindset of the small, day trader types(generally speaking).
And I don't consider $3 Million LARGE, provided privately by an institutional investor, to qualify as the actions of a traders mindset. It bespeaks a group more focused on the long term. Still, it's an interesting hypothesis and gave me a wee chuckle. As for all the haranguing over buying, selling, shorting, etc......well, I've yet to see anything which tells me VLNC's range bound behavior has changed, so as such I'm looking at another buy-in point with the objective, once again, of selling that block at, or around $8.
Now let's see how it goes...
John~ |
