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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (38869)	10/10/2005 9:33:04 PM
From: Earlie	Read Replies (1) \| Respond to of 116555

Box: I have followed VSGN (VAS on the TSX) for close to five years. Initially I started to dig into it because I thought it was a scam, but soon came to the conclusion that the company had excellent technology with broad application. I added it to the portfolio but was too "earlie" so dropped it (after many months) but continued to follow the company. I owned it on and off (usually small) but never made a decent return. Following my initial comments, the company slowly but surely attracted a good following of US analysts. Usually this is a good time to acquire a Canadian stock as US analytical support and US buying usually drive these stocks up. I commented on this at the time. Over the last two years, I have traded it (fairly successfully), usually taking on a bit when it gets hit, then selling on the run-ups. VSGN finally seemed to get itself some traction and moved up nicely until a few weeks ago, when it suddenly dropped the smaller of its two trials. The stock got hammered from $7 to $2. I dug into this event and was the first to post that the event seemed to relate to the activities of the chairman of the efficacy committee who somehow found cancer worries in stats that did not suggest this to anyone else. I bought a bunch after this hit and sold it after a short hold for a nice gain. Last week, I bought a great deal more. The large trial is approaching its conclusion and I expect excellent results. Yup, it has been a long haul, but so have others that have eventually paid off. Time will tell. By the way, over the entire period, and in spite of having owned it several times, the gains have been minuscule. That said, I will persevere with it. Best, Earlie