Words of wisdom from a great mind.
Are you short VSR? If so, great trade. If not, drink some of your own punch and short it now.
Sure is lucky for all the people that were misled by my posts that you came along and saved them from investing in VSR. Truly a miracle.
Why would you be so combative? This is a niche company with lots of opportunity for growth.
You are right, nobody should listen to me and I have been wrong many times. But the rest of your message is incorrect. I have plenty of cash and just doubled down at $2.38 and never said it was a screaming buy. It would be nice to see people inside the organization take advantage of these low price levels.
We have had some ugly weather down here and some pockets of tornado damage. Wouldn't think enough to cause this pullback. Shorts love to rachet this thing down. Earning should be improving without any catastrophes.
I stopped listening to that noise. They have to say something and the reporting is always rearview mirror focused. My forecast is for a small continuation of the recent pullback yielding to a reversal to new highs as earnings come in higher that forecast.
It hasn't hit bottom yet. The short machine uses this market selloff to work share price down to new 52 week low. Maybe a couple of % lower, then a bounce up quickly as they cover and establish new long positions before next earnings report. Will buy in around $28.50. Got a nice, unexpected pop with the index news, but the shorts are back in the driver's seat.
My predictions about this stock price has been totally unblemished with success. It is "flying" high today for what reason? My thoughts that it would go down after the dutch auction. Consistent with my 100% wrong pricing forecasts.
Getting a S&P index entry was something the shorts were not planning for. They held the price down until the end of day, then it was "BUY MORTIMER BUY"
Management has figured out a way to consistently keep the shareholder from sharing in value improvements in the company. Every move they have made has been met with a lower stock price. This dutch auction is just one more event that has left the shareholder with a less valuable asset unless they sold. Pretty remarkable performance by management to be able to pull it off without any issues. Surprised that no law firm is putting together a lawsuit for failure to abide by their fiduciary responsibility to their shareholders
Stock trading is a erratic as all the derivatives that can move the price around. Even the largest market cap stock prices are pushed around with precision by those that can. Like you said, momentum is the goal of the big players. This stock has a downward momentum that yesterday's news was intended to reverse. Not enough, need more news.
Good news shook the tree a little bit, but shorts are back in the driver's seat of this stock price. Usually short attacks are combined with lots of message board posts, but this stock has no message board interest. CEO announced sale has been met with continued downward pressure.