PINL:VLTAF - Post by User
Comment by
VentureTrader1on Oct 31, 2012 12:28pm
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Post# 20544967
RE: RE: up three cents
RE: RE: up three cents I remember posting about this (probably more than once) quite a while back - when the downtrend was still well confirmed and the shareprice was on one of it's temporary weak rebounds - that by working the price down to a new plateau low and then holding it there, it would condition shareholders to get excited about a recovery back to what had previously been considered a painful low. Eg, back when the share price was slipping under 1.00 I had posted that I'd buy at what was then the unconceivably low price of .75. Yet now, a rise to .75 would be seen as a big upside move. Funny how our minds tend to normalize and adjust to whatever the recent past is.
BTW, I still have a large position in VTR and expect it to do well over the long term (long-term wasn't my expectation when I bought it LOL) but I refuse to get excited about the price until the clowns at Citi, Scotia, NB, etc. stop gaming it, and the price actually returns to a level that starts to reflect reality. Until then, I won't entertain CITI, Scotia, etc by trying to outgame them when they have far more resources than I do, but I will take shares from them or anybody else if they push it far enough (eg .37 - .45).
GLTA