Money flow indicator going up? That's good to hear. However, me thinks the Asian debacle's going to roil the waters significantly, and not just for VLNC. Ordinarily I'd expect a bounce from current levels, but.....it may tread water for a while. For a cogent set of articles regarding the Asian, specifically Japan, banking situation, which appears to be an unmitigated disaster, read the end of May issues of The Economist. They've been, so far, remarkably prescient regarding that situation and its effects, all of which are clearly being felt globally. As I've said before, VLNC may just find itself in the economic equivalent of swimming upstream against a deluge. The good news is it should have the power to "motor" ahead(once p.o.'s are announced), despite the general overall economic climate. Perhaps even particularly so, as it may just be viewed as a "safe harbor" against the general mess. Meanwhile, current trading in VLNC is $4 5/8 x $4 11/16; starting off with sizable volume(ie ~117K shares so far which is large by recent day's standings, indicating Asia is having its effect, me thinks).
Regards!
John~ |
