Surprised that the price is not going up as the conference was very encouraging
You shouldn't be so surprised. Short of renewed faith for some VLNC longs, perhaps, no substantive change came out of the cc. Because the market has reason to question the credibility of VLNC management, the market won't respond to warm fuzzies on faith alone. Cash is still a problem. Analysts still have not visited NI (the implication of why they have not is resounding). There is no revenue. Delphi's last 50K is for this month according to VLNC. And, of course, there is no volume production nor contract. VLNC is saying they are closer but, as far as the market is concerned, they have said that before .
Enthusiasm and passion are good things but so is objectivity. In fact, objectivity may be the only thing that is good in the extreme. Try to get some, the people who depend on you for food, clothing and shelter may thank you for it.
If you haven't noticed, you should: VLNC has gone lower on higher than average volume the last two days as the overall market has steadied. Ask yourself this as well: As the price falls and Fred repeatedly announces he is buying more, how many shares does he buy each time? 1,000? 500? 100? 50? 10? 1??? Is it a real account?
Bid 4 17/32 Ask 4 9/16 down 5/32 - 1/8 1:00 PM |
