GREY:VITFF - Post by User
Post by
Windrunneron Mar 08, 2007 12:44pm
336 Views
Post# 12381219
reason for selling today
reason for selling todayWith the possibility of a NR in the next little while I can only assume the houses are back in the game. With the quick rise in the price yesterday (which was too fast for my liking)I'm sure the houses saw the hesitation to break $1.60 and decided to short. Thus we had the huge volume as the houses than tried to force the price down. Most of this happened later in the day.
I understand the short positions had been reduced but that was for the end of Feb. This is just a view for those that have recently joined the VIT bandwagon. It's more important to wait for the release than to worry about this short term gamesmanship being played out. Heavy volume tomorrow on a up day would make me assume a NR next week. Institutional holders are still around the 10% mark. So were still an unknown entity in the market. Still speculation on my part about a NR soon.
Cheers