All you need to know is that sideways action on this stock only spells one thing 9 out of 10 times! (especially in a downward trend that tends to last several years)
MORE DOWNARD PRESSURE on price.
We have been duped by Kanode and Company about VANADIUM. They mislead us with Vandaium time lines. Needham screwed up, again. I have lost faith in their valuation they are bad as Goldman Sux who just rapes you normally from the IPO if you buy at the open market price.
I guess its back to the drawing board to hunt for sold picks which isn't that hard. To think I gave up SBUX and OII in January who by the wway are on their break out trend.
I did pick up a little schnitzel of VLNC @ $0.85. (I am a crack head, like some of you :) I stopped buying with my money and only with their money at this point.
Getting out at $0.90 will be a pretty decent pps at the moment.
12.5M short...from the TA part of it ..$0.45 seems to be the new target.
Ofcourse I am not selling my shares because that UPS $7.2M will extrapolate to larger contracts is the vision I have.
Seems like from the TA part the sponsors have been accumulating for the last 2 mos.
ATR is @ $0.0618 for 14 day span, $0.76 would be the next buying interval if you were a day trader. But what do I know except that many investors have slipped into the night of oblivion or to Peter's gates waiting for TEAM VLNC and the economy along with technology.
Everytime I walk by a bus and I am almost drowned in the toxic fumes it reminds me why I believe in alternative energy but perhaps we are 30 years ahead of the curve. Time will tell.