I.N., when the TA improves, it will probably be a signal that fundamental improvements will not be far behind, right now VLNC is burning cash at the rate of about $3 MM per month, and that alone will have a depressing influence on the stock. The cure will be a material event like a major PO, and then the arduous work of getting yields up to profitable levels. I see no rush into the stock. Most of what I see is manipulation of the price (like the last rally above $6) to , IMHO, let the Warbucks out at a profit. Otherwise, some Form 4 would have been issued. On the eve of the last CC, I jumped on board, hoping to see a pre CC advance into some meaningful news. It did not happen, and I got out. I see no signs in the trading that this CC will be different, so this time, I am not even trying for a short term play, the downside danger is too great.
Zeev |
