You might want to hold those shares. While I can see that short term trades could be lucrative considering the volatility, I have a feeling (and a PREC14A) that says you might get priced out as the shares move higher. Right now, it's not an issue of 50%. It's an issue of 80%. I think 80% is going to win.
Just my two cents.... I'm long.
Very well put "ruman68".
I'm just going about my merry way, pocketing 8-10% per trade on this one, holding it DAYS not weeks or months. How does it go . . . . "you haven't made a dime till you sell"?
AXJ is a strong strong strong buy under $1.30
"Prepare to meet your broker!"
to give all these pumpers that know nothing about the P & C business a dose of reality.
The point is that long range the company is no longer viable and hasn't been for some time. P & C companies that have a Best's rating of B & below are in a death spiral from which very few ever recover.
Good luck but I just don't see it.
If you not a short, I am surprised as a smart investor that you would find yourself so emotionally involved with this stock. I have been tracking this one for about a year and you are by far the most active message poster. The point of my message was, shorting this stock has paid off for many. Howver, it takes a lot of guts to be short at this point given the current stock price and when so much bad news is built in. The risk of being short may not be worth the effort. The shorts at this point would have to bet that the company is no longer viable and that unknown negative news will evaporate the value of VTA's assets. That is a big bet.
I.m not short. I've said for some time that it may be possible to make a few $ trading this stock but that there is no long range future for this company.
How do you know all the bad news is built in? They haven't released any audited or unaudited reports since the 3rd qtr. of 2004.