a few more points from a long-term investorI have been in this stock for a long time...I have bought at everything from .07 to over $1.00 (both a long time ago...:))) I have been through more peaks and valleys on this stock than anyone I know. I have to admit that I don't watch the fundamentals or map out charts...I pay more attention to marketing strategy, business viability, competitive assessment, and management acumen. Here are a couple of personal observations:
1. VSI has never been strong on self-promotion. Kind of an anomaly in the world of trading. Last Monday, Business in Vancouver ranked them #70 out of the top 100 tech cos. in BC based on revenue. Then last Tuesday, they were listed within the top 50 stocks on the TSE venture exchange. And on top of it all, they are PROFITABLE...how many tech stocks can you say THAT about?
Did you see a press release about either of those?
No, most of the press has come from the reports of 2 analysts. You can waffle over .73, .83, .93, or $1.03, remember that VSI is not even on the radar in the investment community. If you are more comfortable looking down at the toes of your shoes than looking ahead at the horizon, this is not the stock for you.
2. There were a few local brokerages that helped move the stock up from the basement, given that there was NO promotion happening in the marketplace. They bought for their clients at .10, .20, .30. and have made good money for their clients, it's summer doldrums, and they are starting to take their profits. Then there were a number of smaller houses and individuals who jumped in at .40, some are done and are heading out. Rightfully so, there's another type of investor coming in now to take this business on to the next level.
3. Watch who steps in as they step out. Jennings and BMO Nesbitt bought 77% of all the stock sold today.
ouse Bought $Value Ave Sold $Value Ave Net $Net
V 121 Jennings 71,500 60,345 0.84 0 71,500 -60,345
V 9 BMO Nesbitt 59,000 52,370 0.89 10,500 8,965 0.85 48,500 -43,405
V 85 Scotia 5,000 4,450 0.89 0 5,000 -4,450
V 6 Union 966 785 0.81 0 966 -785
V 7 TD Sec 19,000 16,175 0.85 19,500 16,180 0.83 -500 5
V 33 Canaccord 0 2,666 2,268 0.85 -2,666 2,268
V 89 Raymond James 0 5,500 4,675 0.85 -5,500 4,675
V 88 E-TRADE 0 7,000 6,210 0.89 -7,000 6,210
V 81 HSBC 0 8,000 6,820 0.85 -8,000 6,820
V 5 Penson 0 11,500 9,660 0.84 -11,500 9,660
V 25 Odlum 0 15,000 12,600 0.84 -15,000 12,600
V 2 RBC 0 18,800 15,932 0.85 -18,800 15,932
V 1 Anonymous 14,000 11,895 0.85 71,000 62,710 0.88 -57,000 50,815
Total 169,466 146,020 0.86 169,466 146,020 0.86 0 0
Interesting.
Gladys 7