Sell at $8 wesp ?? Stock is worth well above 8, huh...
VSNT did 22 cents and 25 without the restructuring charge. If they can do $.75 for 06 and give it a modest P/E of 20 which is very low for the margins and growth in earnings the stock is worth $15.
Well lady, if you were short, you must have covered at $7.33 by your own system. TA is rather useless without history, and the stock history of this company is only two weeks. Before the latest figures the volume was too thin, and I expect to be in that same situation again within a few days/weeks???
Regarding the Stockscouter, the most useless crap I have ever seen. Half a year back at $4 the rating was N/A, 1 month ago it was two and it still is two. The whole change in management is not in their system. Without change the ticker would have been VSNT.OB (or PK) now. And it still is high risk!!!!
Above $6.90 I will not add to my reasonable position. As stated before I expect the stock to be in the range $7 to $8 for the coming month. Above $8 I will sell a few.
I also will not post any message on this board for a while.
Versant Corporation, a micro-cap value company in the technology sector, is expected to underperform the market over the next six months with very high risk.
RATING - 2 - 10 is the best possible rating.
Stock Price: $7.35
TRADE QUALITY 75%, Good
TARGET 1 Price: 6.47 Profit: 12% , for a typical pullback.
Cover Limit/Trailing Cover Limit: 7.71 Loss: 4.9%
Profit/Loss Ratio: 2.4 : 1 - Fair
TARGET 1 POTENTIAL Excellent, there are 1 support areas on the way to Target 1.
Stocks may quickly fall to Targets when there are not many support areas blocking the way.
TARGET 1 SUPPORT Current price at support: 7.2 ± 0.21, type single, strength 8
-12% at 6.47 is Target 1
TARGET 2 Price: 6.2 Profit: 15.6% , Profit/Loss Ratio: 3.2 : 1 - Good for an extreme pullback.
Most of the posters will only come around when think their position has been confirmed/proven by the latest stock activity.
It seems very few are interested in learning anything from anybody else.
You have the bashers - I'm not sure what they think. If you/anyone is truly trying to sway people in one direction or another, bashing sure seems to be a highly ineffective way to do it.
Calling me a bag holder does't make me want to sale my long position. And I doubt anyone long or short does anything because of bashers. So why do people bash? I guess it's easy and it makes them feel better.
As for traders - trading is a lot like poker. You get lucky and you think you know what you're doing. You feel invincible. Then reality catches up with you and you lose it all. That's the way it is for most poker players and I suspect the same for traders. Very few actually make money over the long run.
Investing is where it's at.
This post wasn't directed towards you Wesp ... it was just convenient to reply to your post.