Thanks to the knuckleheads running the good old United States I was able to pick up some more shares at $8.11, which I think will turn out to be a very good price a few weeks from now. But if they don't get their acts together and stop banging their big sticks on the ground like a bunch of rediculous posturing gorillas, everyone gets screwed for a while. In any caase, whether the bounce occurs later today, next week, or in early 2013 the economy is improving and Vasco is going to have a great quarter and hopefully their best year ever in 2013.
With such heavy volume on a terrible market day the stock could have taken much more of a hit. Buying kept the stock from sinking lower and will lift the stock next week and into the new year. I really don't think the fiscal cliff issues will have much effect on Vasco at all since the vast majority of their business is in Europe and Asia--and that is expanding dramatically. Unfortunately it has an effect on the mindset of investors. But--the typical investor still has one objective in mind--to turn a profit--make money. This stock, I believe, is one of the best chances right now to still get in following a weak quarter, with strong expansion underway in Europe, the stock price still depressed, and the company coming into what is generally the strongest time of the year, and a stock pattern that has shown consistent patterns over the past few years. Which is why I am currently holding the largest position in VDSI that I have ever had--and just added more today.