PINL:VLTAF - Post by User
Comment by
ALLEN4on Mar 10, 2010 12:41pm
319 Views
Post# 16866178
RE: RE: Selling off
RE: RE: Selling offA fifty per cent retracement from, say, 74 cents to $1.46 would bring us to $1.10. But you need to listen to the market, and I hate to keep harping on it, but that means understanding the volume as well as share price. The vast, vast marjority of shareholders are not participating in any retracement, they are hanging on tight. Developments in this company are happening so quickly and we are so early in the game in so many respects that there is not a discernable pattern here to be thinking in terms of technical analysis. In any event, the indicators for VTR are all bullish in my view. I am the last person in the world to fight the market. But the market is telling me that few are selling and there is a continuous stream of new buyers, to the tune of several millions of shares a day on many days.