GREY:VVVFF - Post by User
Post by
profitinvestoron Oct 03, 2008 5:19pm
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Post# 15503866
new accumulation
new accumulationAs gloomy as everything appears about vv, the fact remains that Pictet has accumulated almost 10 million shares. In the last two weeks and almost under the radar screen someone else (likely a fund thru TD ) has snapped up another 5 million shares (and was still buying today).
When funds accumulate a penny stock normally a runup is not far behind.
After the melt down of financials i think that the techs will lead the way up so more money is bound to flow into tech juniors so that alone should help.
Alexia might be on the right track, VV might be looking at an aquisition which will explain the Pictet and TD accumulation as well as the large line of credit that VV anounced in the spring.
An acquisition might be the catalyst of the next run-up to a dollar and at this point i will take it in any way it comes.
An acquisition and a management change this year will really be something to cheer about.
As much as i own almost as much CCZ as VV, somehow i still think VV will get to a dollar sooner than CCZ one way or another.