Paul: Big seller? Don't know fer sure but it's clear a games "afoot" as it relates to VLNC. That current volume, in light of normal daily amounts, is a dead give-away, eh? Therefore, having protected my long position with the usual mechanism I've picked up a block below $4 to "day" trade with. I've long ago learned that when the words out of corporate are just that, words without material events to support, then believe the evidence of yer own eyes as it relates to equity activity. Somebodies playing with VLNC with sizable blocks being thrown around, so might as well participate as long as the volume allows. By the way, we MAY be seeing a volume reversal pattern emerging, but we'll have to wait and see whether this is indeed the case. VLNC needs to hold above its $4 52 week low. Should it break conclusively below that....look out below, eh?
Bottom line? Currently $4 1/32 x $ 1/16, an interesting day of spread opening, closing and the bid wagging all over the place. Quite the rollercoaster right now.
John~ |
