There continues to be A LOT of activity in VLNC over the past several days on no news. It got a "little scary" when the price dropped to $8.25 earlier in the day. But, the recovery has been very positive. Now it's about even on the day. If the earlier run-up was only on hype by Don Wonlanchuck, I believe we'd be back to $7 today. But, it's hanging in there at $9, which seems to be a base for this stock for now. The next stop is $12, technically. $10 is a strong resistance right now. But, a couple days of accumulation at $9 will prove positive for the next run to $12. Once it's to $12, then who knows where the next stop will be. On news, it could be high!
(Fred's still very much a player in vlnc. Please don't interpret his lack of posting as departure of the stock. Quite the contrary. It's my understanding that he's just out of town away from a computer for now.) (I'd go crazy if I wasn't hooked up 7 days a week!)
Did I hear that there are possible visits to the Ireland plant by top management of VLNC in the works this week or next? Or was I dreaming? If so, it could just be a status report, or it could be........
(Okay Greg, so I'm speculating on the "or it could be....". Hey, give me a break. A healthy batch of speculating is good for the soul!!!)
Have a great Memorial Day weekend ALL! |
