Pallisard: Well, at least the trading pattern leading into this conference call has been broken, eh? How so? Well, in times past there was generally a run up. This hasn't happened, which to me means the sidelines folk out there in the market aren't willing to make a commitment of any sort. And given VLNC's history this is certainly to be expected.
But from my cursory monitoring today it appears even the shorties must be uncertain as they ain't being particularly aggressive, either. They continually plop blocks of significance on the ask, and let such buying as there is, and it isn't much, chew through the overhead(or lid). Once this is accomplished, PLOP, down goes another large block. Of course, bid/ask has ever so gradually risen in the face of this tactic, but nothing about this trading can in any way be interpreted as the market anticipating much out of VLNC. Nothing extremely positive. Nothing extremely negative. Just nothing much at all.
Still, the proof will be self-evident this time tomorrow, so let's see how it goes...
John~ |
