MGV has been calling for this stock to fall to 3...
... for about 2 years. He showed up the night after the 10K was filed with the SEC in June 98. The stock opened around 5 the next day and closed around 5 1/2, so the stock is up 300% since then. He has been in complete denial that his original call was incorrect.
He has pounded the board with negative comments, with his most frequent posts in the July to Sep 98 period, and in the August to Oct 99 period. Both times the stock was trading in the 4-6 range. He now has resumed with a large number of posts this spring, and now in August again.
Based on all this, he has a horrible record in timing VLNC stock moves. In fact, his posts have a decent contrarian indicator correlation.
Based on his lousy record predicting vlnc stock moves, and a number of infamous individual stock picks like MIKL, VISX, Laser Vision Centers, and VNWK, most of SI consider him a rather incompetent investment manager, and generally ignore him.
Paul |
