TO ALL:
Now that we have reached June/1998, with no news announcements and any type of financial reporting, I am not going to support VIKG any longer. No deal takes this long. Especially with financial backing, etc. Because, for one, if there were such financial backing, then VIKG would have to be making payments to those issuers. Secondly, with such financial backing, backers would be buying VIKG, in addition to issuing loans. Kinda the creme on top of the cake. But there has been no buying.
As far as the next support level, I can see a regress to .52 - .55 range.
With this market as a whole, I would take and hold as much cash as possible.
Thanks,
Mackie |
