That CEO leaving is probably a good thing. The following article that was written
just a couple of weeks ago is probably the best summation of this company, sharing both
the positives and negatives of the company going forward. Before anyone says anything
more about this company, they should read this:
The reason you're not seeing the share price falling hard, even with the latest knee jerking news, is because the stock is already over shorted. There's no stock to be borrowed to further short. In fact, I believe there is a lot of naked shorting here. Longs are not selling and won't sell unless the fat lady appears, and should there be some "good" news to be released, there could be some serious scrambling to cover and a huge price surge. Is it 70-30 ? 60-40? 50-50? Ignore the speculation, wait for the facts. One of the two sides is either going to make a lot of money, or get hurt pretty bad. Time will tell.
Forget the Board, why haven't we heard from the SEC investigators ? How long could it possibly take for them to find impropriety ? They are dragging this out way too long. There is either a problem, or their isn't.
Speak up or shut up !
The stock gets upgraded by at least three institutions, company raises forward earnings guidance, the stock trades down this morning -$3.94, and no one has a comment. I guess me and a bunch of ghosts are the only ones that own this stock.
Thanks for the upbeat account Frank. I feel so much better now. I guess Citigroup's upgrade a month ago was unsubstantiated.
Jan 31, 2014 Upgrades/COMTEX News Network) --
Vimpel-Communications (NYSE:VIP) was upgraded from Neutral to Buy at Citigroup
today. The stock closed yesterday at $9.68 on volume of 3.8 million shares, above
average daily volume of 2.1 million. Vimpel-Communications provides wireless telecommunications
services. The Company's license portfolio covers the majority of Russia's population,
including the City of Moscow, the Moscow Region, and Saint Petersburg.
Potential upside of 47.3% exists for Vimpel-Communications, based on a current
level of $9.68 and analysts' average consensus price target of $14.26.
Has anyone found a reason for this sell-off today ? Especially when there has been more good news posted. I realize this trades thin, but are there any shareholders out there ? Earth to Tangoe holders !