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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who wrote (26444)2/3/2002 4:18:05 PM
From: Zeev Hed  Read Replies (2) of 99280
 
Steve, I am suspicious of that rally here in VLNC, just as I was of the early January rally (it fizzled to Naught), note the divergence between price action (and OBV) with money flow, money is still running out of that one. They have only some $1 MM cash on hand, have not read their 10Q for sometime, but maybe someone here knows what are the $17 MM in long term assets? Is that part of the deal with Berg and it can "easily" be converted to cash to support their still heavy $10 MM burn rate per quarter.

Zeev
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