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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Frankly Speaking who wrote (61569)	9/18/2006 11:53:13 AM
From: zoo york	Read Replies (2) \| Respond to of 312572

Hi FS! I think there is some overhead of cheap paper still be cleaned up on VGM before it can move higher. I always look at that sort of situation as a good thing, since it allows people to buy up a large position if they choose without driving the stock higher in the process. It can be a pain in the ass waiting for a stock that is undervalued to move up, but on the other hand, there is never an infinite supply of cheap stock, and once the overhang is gone, the company should move quickly. A friend of mine bought 250,000 shares of VGM last week in a cross, and he is going to take out another block if it is offered. The company has a drill rig on the property and some holes have already been assayed. So there should be some news flow coming fairly soon to mop up the last few shares that are dumped into the market. I think VGM will behave the same as OSK, as they prove up the historic resource is accurate the stock will move higher to reflect the asset value of the deposit. cheers! COACH247