RE: Year-end and 4th quarter
Hmmmm....
I've been watching the buyers and sellers over the past month. I've written a few times that the initial investment houses that supported VSI in its earlier stages were Raymond James and Boulder. RJ was in first, buying many shares for .20 or less. December saw some selling, as I anticipated, taking profits off the table... selling 157,500 shares, compared to purchases of 9,000.
Boulder has been more interesting. While many shares were purchased, if my memory serves me correctly, at under .40/share, interestingly many of the 190,000 shares sold in December were actually in-house trades. Toward the end of the month, Boulder actually started picking up on the open market...an additional 12,500 shares. Hmmmm...
The majority of the sellers are from investment houses that are not actively following VSI. Those that are following VSI showed signs toward accumulation: Citigroup - of course Privinvest's broker, Coremark - who I understand put out a report on VSI in December, and some of the houses that have been showing interest over the past 6 months: Dominick, GNP, National Bank.
It makes me wonder whether this accumulation is due to anticipated profits, as you have commented, Darbygirl, given the upcoming year-end results. Or whether they have just had time to review portfolios after the dust has settled and are looking for a solid profitable investment with long-term potential.
I guess we'll find out come February.
Gladys7