To: Gordon Quickstad who wrote (5154 ) 11/15/1998 9:09:00 PM From: Zeev Hed Read Replies (1) | Respond to
Gordon, I have never shorted a floorless, I have profited from few issue when massive conversion caused a wash out, in three cases so far, Aksef, Exso and Gate, and in all cases, I reported to the respective thread the buying and selling. Larry asked me for few months now to look at VLNC (he was invested, as he said and just recently earned his golden hook on this one) and at the time, I said very clearly that a break above $5 will be positive, only from looking at the chart. Once it broke, I decided to look more into the fundamentals as a potential investment. I have decided not to get in at this time because of the uncertainty of the January time bomb, and its possible implosion long before (people like the bandits will know well ahead of me if they VLNC meets or does not meet the Jan deadline). It is quite possible that VLNC meets its goal and does not implode and might even continue its advance, particularly if it is able to take out the resistance between about 9 and 10. At the current prices, however, I do not see a very great upside either. It is worth while monitoring and that is what I am doing by having bookmarked this thread.
