I did miss the 2009 drop. But I'm not missing the next drop to that area.. But my patience is wearing thin. Its breaking down lately so I'm hopeful.
….as soon as fannie drops to the .25 to .30 range. At that price it will be a very good speculative buy. Any news could send it to .50 or higher, maybe even .75 for a quick double or triple.
The difficult decision will be wether to sell when it doubles or wait for it to go higher.
So you take it upon yourself to determine what others on this board should read. Reseller is one of the few worth reading.
As I have stated many times before, why do people own stock in a company in which they think management is incompetent? Makes no sense.
Reseller, I don't bother with this board anymore. Bocamp is the worst, stupid and rude to boot. Smalls plays the "parent " to us " children " who are supposed to await his wisdom. If they are so smart they should start their own company so they could show the rest of us how its done.
Very obvious why. As a matter of fact that verdict makes fannies' situation look even worse.
AIG was a public company, not some stupid hybrid like fannie. Different rules apply. Besides, the judge did not give any money to AIG.
According to everything I read about its future it has no future. The time is coming when it will be mercifully put to sleep like the sick dog it is.
The only thing I can guess is that a lot of greedy speculators are hoping obama will throw them a bone before the end. Thats not investing, thats the same as betting on the weather, except the weather will have a better outcome.
Get this into your thick heads. obama doesn't care one twit about the fannie longs. as a matter of fact, if he ever thinks of them at all, he probably thinks they are a bunch of greedy whiners who deserve to lose their money. And it is one of the few things where I agree with him.
Good post Magdag, except for one statement. You said " I think we all agree of the lack of transparency of management.
First, if you think something do NOT attribute your beliefs to a wider group, especially everyone. Second I think management is being as transparent as possible without making forward looking statements. Third, it appears to me that management is positioning Vaso for growth in the long term. Are there risks and uncertainties, absolutely.
As the barker at the carnival used to say when I was much younger " you pays your money and you takes your chances ".
My thoughts exactly. While the scenarios thesmalls puts forward are possible and that type of thing does happen occasionally, they are rare. And I do not think anything like that is going on with Vaso. Of course I could be wrong.
My best guess is that vaso is a turnaround with a lot of potential and with some risk. The turnaround is taking longer than I expected and maybe even longer than management expected. However significant progress has been made, especially with a much improved Balance Sheet and and improving P & L. Of course the big kicker is eecp. That is very difficult to assess as to when ( if ) it wil become much more significant.
But, as I have stated a number of times I also believe Vaso is under very patient accumulation. They pretty much let the sellers come to them. I will wait it out because I think the potential payoff could be worth the wait. And I do think management is doing a good ( not perfect ) job.
Sorry reseller guy, I accidentally gave you a thumbs down when I meant a thumbs up. My iPad is not built for thick fingers.
So please take my unintentional thumbs down as a thumbs up.
Every time enough shares are available thru Stop Orders the orders are triggered and someone(s) pick them up. This happened yesterday and again this morning.
This is a sure sign of accumulation, patient accumulation over a long time.
Btw. Bocamp, you can skip posting a snarky comment about my post. I'll just assume you made one. And if you really cared about the other Vaso longs you would sell your entire position immediately. Your ownership is holding back Vaso appreciation.
While anything is possible I don't think Vaso is going private. Also it is a process that involves a number of things such as fairness in price.
My guess is that Ma is trying to grow the company, put it on a sound financial footing, and, hopefully, get more approvals for eecp..
It is taking time but Vaso was on its deathbed before it was given resuscitation by the sybrniks and GE. I will wait.