Pallisard, for the record, I have no doubt that Fred is not paid, and Wexler's queries are really not called for, just as the bulls queries about some doubters is not called for either.
Right now, the stock is at an interesting junction with a sizeable (11,000) chunk on the bid, which seems to be quite larger than that (since any sales at the bid are not reducing this block). Yet, if this level from which we bounced last week yields under pressure from additional selling, it might be an indication that a PO in March may not be forthcoming. It is quite possible that Mr Murphy is winning another round and some delays in the expected PO have occurred. Typically, such a crucial event would be reflected in a positive bias in the stock, the absence of such a bias, does in my opinion, pose some questions.
For whatever it is worth, my general vies of the market is that we are going to go into a "Spring Relapse" sometime in the next two to three weeks, and if VLNC has not managed by then to bounce back well above this level, it might be set for a retest of the recent lows around $5. Of course, if the expected PO does materialize, VLNC could develop its own momentum independent of the general market conditions.
Zeev |
