Surprise, surprise, indeed. But at $13 x $13 1/16 it doesn't appear to be helping the stock, eh? Ya know, my thinking on these house recommendations is that they're really nothing more than "K-mart red-light specials," advertising "bargins." All you need do is remember that these recommendations come from organizations who, first and foremost, are sales organizations whose sole goal is to hustle a product, in this case, a piece of paper that say's
you own a piece of a company at such-n-such a price. In other words, sales people are sales people regardless of such fancy titles as broker/analyst, etc.. And I mean no offense to the species, they are a necessary evil in this game(and boy would it ever be nice to have a "named" house come out with a recommendation on VLNC, eh?). But as long as you recognize that fact me thinks you'll be just fine.
As for VLNC, closed at $4 13/16 x $4 15/16. Once again it's returning to the lower end of it's range.....hmmmm....this makes roundtrip number 3. I wonder how much longer it's gonna do this very good imitation of a ping-pong ball?
Regards!
John~ |
