PINL:VLTAF - Post by User
Post by
mrcashflowon Mar 14, 2011 10:29am
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Post# 18280545
200 DAY MA
200 DAY MA We are still holding on to some support here @ $1.80...but just barely. Volume has been very light, so this downtrend has little "technical" strength. However, all technical's aside we are still in a clear downtrend and that's the caveat. Next area of support comes in @ around $1.60. With my account lacking any buying power at this point in time, I may just have to raise a little capital buy shuffling a few holdings around. That being said, VTR will be on my shopping list if we see $1.60....time will tell, but needless to say the recent performance of VTR is some what discouraging to say the least. Actually the performance of the overall market stinks...with the majority of my gold stocks included....yuk....Here is when disipline and ability to stay the course comes to the fore front...when the fundementals of a holding outweigh the technicals.