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VASCO Data Security International Inc. Message Board

  • mgm2020 mgm2020 Apr 23, 2012 10:43 AM Flag

    Nonsensical sell-off...

    Well, I thought I was making a good investment at $9.40--and I still do. There is no reason for the stock to sell off here this dramatically--other than overall market weakness. Another 2000 share purchase this AM to average down a little bit with an expected rise into earnings and hopefully a BIG POP following earnings and the forecast. Good preliminary news with going live today and already at least a few noteworthy clients. Volume is not that great today, so not a lot of conviction in the drop, and the RSI is approaching oversold territory. looking for another bounce, and hopefully onward and upward into earnings and beyond.

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