RE:RE:RE:RE:Bought some traders at 61.80well it pretty obvious that we dont get much upward movement until sometime passes so trading it is the thing to do.
- share price has moved up almost 100% off the recent lows so time is needed before the share price moves upwards in a sustained fashion
- the market still wants to know what the product mix is like and how profitable it is, how successful themerger will be, etc. There just is no real history yet from the purchase of the private company. If things are anywhere near what they should be, the market will rewward them with a much higher share price. First real glimpse is the fourth qtr report in early 2016. Even that is not a full qtr.
- market wants to see them pay down debt in a rising interest rate market. They have done a little withe the recent move but there is a lot more to go. Themore paid down,.the more the market will like it. Again first qtr is where we see more chances to pay it down.
So yeah trading is where it is at.
VRX continues to move up, eventually there will be some more room to move up. This could happen before the fourth qtr is reported.