SBH, I see from you response that Johnson is probably posting partial records on my calls of VLNC, again. I am not sure what is bothering him, if he followed my 'calls", the good and bad one, he would still be ahead of the game. For most of 1999 I was negative on VLNC (thus his ire) and VLNC vacilating between $4 and $11 (started around $11 and the floorless was in place, so you know what my opinion would have been). Late in 1999, CC started to convert their floorless and I had a buy at $7.25. Yes, leading into this, I was of the opinion that if the floorless stays in place a death spiral and prices much lower than $4 were possible. Like in the case of ANCR, the removal of the floorless was a buy signal. I rode it to $16.5 and sold, any time I can get a double bagger in a stock that I am not in love with I am happy. I am not in love with any stock (g). Well VLNC showed strength, so I used the next swoon down and got back on board at $15.5 and rode this one to about $23. Had few trades in the $20 to $23 area and then when real momentum started to show up again, I stayed to the $37 area or so. At that time, I felt that a break of $40 could very well add another 50% with an overshoot, no different than my current position on APH where I have a target of $96 (a break of the $64 all time high a short while ago, could lead to $96 or so). In the meanwhile, I traded it few times from the $26/$30 to the mid $30' waiting for the break. Finally, VLNC refused to make a new high and started to develop a pattern of DLL and DLH, I thus set a "yellow flag" on one of the breaks under $30 (still buying for a bounce to the low $30 with a stop loss at $26). In that last buy, I got caught in a downdraft and did not manage to bail out until about $24 plus, a big Ouch alright. I did not get back in until the big break to the mid teens, where I bought again at $15 (as strong support area from the January advance), I bailed out just under $20. I had a few more probing trades to see if the trend will reverse and hoping to be in with the announcement of a big PO, they amounted to a puny total net gain of $3/share (4 wins and one loss). I stayed out until the recent new breakout, where I entered at $18-3/4 (I was not fast enough on the draw, so, I had to pay the piper), setting a SL at $16.5, I am still in except that my SL is now $20.5 (closing basis). Since I never got the top nor the bottom and after my posting the stock was always available the same day or next for similar prices, Johnson would now have at least 3 times the number of shares he started with if he just followed these posts and putting back into VLNC the money taken out.
Zeev |
