GREY:VVVFF - Post by User
Comment by
profitinvestoron Oct 21, 2008 7:18pm
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Post# 15538936
RE: RE: RE: Puzzling...
RE: RE: RE: Puzzling...Trader, while i totally agree that VV has always lagged expectations in performance, the wild card here is that every few years out of nowhere they've been able to appreciate the stock price significantely (albeit temporarily).
I am hanging on for that next unexpected upward movement and somehow i am just getting that feeling that we are approaching that time.
By my count i think Pictet is closer to 10 million shares than to 5-6 million. The latest new buyer is in the 5 million range. I just don't think in this environment someone will invest this kind of $'s in a penny stock without having an idea of an upcoming trigger point.
As much as we all complain about VV and tout CCZ, the reality is VV is standing up much stronger in this market and is better poised and positioned for a stronger move upwards and i just think that earnings will NOT be the trigger point. (and as disclosure i own roughly as many ccz shares as i do VV).
The buying is comming out of Europe and the US so i am thinking a European/US acquisition or an alliance of some sort with a major player. There is just no other explanation for this level of accumulation (especially where almost every other junior is being dumped (sold) at any price.