<< Anyone want to take a guess as to the trading range VLNC will find itself stuck in until such time as more positive news arrives? >>
VLNC acts like it is in strong hands. After the delay of high capacity production by technical problems alluded to in the conference call, I would have expected it to be trading now lower than it was a week and a half ago (around 4.50). This tells me that the largest shareholders know more about the company than us peons. What's baffling me is who ran the price up? Volume on the two big run-up days was approx. 600,000 and 800,000 shares. Was this all caused by AOL, YAHOO, and SI'ers? Because of double NASDAQ counting, I guess that it was "small" investors that did this, and they got hyped via the internet. A couple of hundred people trading 1500 to 2000 shares each of those two days would account for that volume. Hey, I did 500 + 600 = 1100 shares the second run-up day.
If those hands remain strong, then I suspect VLNC will trade between 4 and 6 dollars in the next three months. If the competition comes out with fantastic news, I would think VLNC will trade lower than this because they would seem inept. If VLNC makes reports that indicate progress, then I would think that the stock will go above 6 in this time frame. There, I nailed Jello to the wall. |
