Antonios:
Where is everybody? Well many of us are still watching VASO very closely... Out of 6 of us having invested in VASO, 4 still own their shares. Two (including me) left VASO completely (as I allready mentioned in the past).
There is so much one can take (I took a 35% loss) before getting out of this stock, which has seen momemtum players in big numbers. Furthermore, what killed VASO in my view is this incredible decrease in revenues (from a peak of over 3 MM down to $ 94,000 (!) for the last quarter)(If that had been IBM... the decrease would have been a lot more than from $4.3 to $2!). The above, associated with the unbelievable delay in "THE" study... that is what got me out!.
I am watching very closely because of the American College of Cardiology Meeting this Month... A finding, for example, that EECP improves claudication (lack of blood flow in the legs) could be huge... but EECP was not designed for that. Nevertheless, I thought about that when VASOMEDICAL released that one patient report (Mr. Murphy). I was actually stuck by the description of "recovery of feelings in the feet"... could EECP improve poor circulation in the legs?? ...We will wait some more days. Please post ACC abstracts, if you have them in advance of the meeting... I understand EECP system, and can read "between" the lines, and make some medical interpretation for you guys... I will try to see whether I can get a hold on one, before the meeting.
In the meantime, I have not been able to wait in view of the roaring stockmarket AND my loss... As mentionned in the past, I went for value stock (went for Continental Airline (NYSE:CAI.B)(airline of the year, low P/E,... got puny 12% there, and for American ECO (NASDAQ:ECGOF) (remediation company, low P/E , 100% growth rate last 2 years) and got out with puny 15%.... I got out of those BECAUSE, despite great news, these stocks did NOT move up as I would have expected, and realized that the general market condition was the BIG problem (the stockmarket was going for the big caps).
Therefore, 3 weeks ago, I moved ALL my play money in goldstocks, and 80% of my retirement money in Gold Mutual Funds (the rest in cash)... something NO broker would suggest! I bought WSJ, IBD and BARRON for 2 weeks, expecting something said about gold which then kept rising...Almost nothing!
Please note that I am not as knowledgeable investor (started a year ago, with (still) overall 5% loss with my play money, but 20% gain on mutual funds last year).
I came to the simple conclusion that there are NO sectors that are cheap (even COCA COLA is expensive!), while gold had taken a HUGE beating... that was my simple reasoning... the last 2 weeks showed us that the best sector has been precious metals and gold stocks... while all other sectors are eroding... even the mighty $ might get weak... where do you put your money? For me, not in VASO, unless one has a great news release.. then VASO will climb and climb and beat many equities,... I will try to hop back in then... AND not in cash (I still want to recover my loss!)
As far as gold is concern, the sector ranked 3rd last week (behind the exciting (NOT) retails, and office equipement sectors (from BARRON, today)... Europeans are supposed to be done selling gold,... Asian are great buyers,... US is a buyer,... reserves in COMEX are very low,... other metals are up,... goldstocks are up, ... the downside risk is very low (just temporary correction possible, I understand)... Greenspan does not like a high stockmarket and $ (this implies... go cash or ?gold... he did not say that, but...that implies "why not a little bit of gold")...AND stockbrockers are not overtly recommending gold (a political, speculative commodity).
BUT...how can stockbrokers recommend gold overtly? There are simply not enough goldstocks to please everybody.. recommending technology stocks is much easier than recommending gold.. recommending gold now could trigger a great gold stampede... and that is the biggest news for me... NO recommendation!,... but many buy goldstocks... silently, but not for long. The volatility in gold is now increased... the oz. of gold was $358-359 all day Friday (talk about a correction in gold price Friday), and during the last 15 minutes of Friday's trade time, somebody influenced the gold price... it jumped to 363 !... major players around... what will ASIA do tommorrow night? and London Monday Morning?...
History has shown to us that often goldstocks increase is a good marker of increase in gold price, and that most realize the rise when all goldstocks are allready up 50%...
Sorry for this post, guys, but I am just describing my ongoing trading thoughts... I wish this thread had warned me about a possible drop, when VASO had traced this great rise to 4 $... I had no expereiece in investing and bought some more at 4.3$!...while knowledgeable investors and momemtum investors pulled out.
Here I am not suggesting any of you to shift to gold... but just thinking of what gold has done and might do soon.
Good luck... I am still lurking in the background... and as promised, I will fill you guys in on any good or bad news regarding VASO... especially around the ACC meeting.
FHG, |
