PINL:VLTAF - Post by User
Comment by
VentureTrader1on May 11, 2012 9:42am
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Post# 19898642
RE: Another storm is looming
RE: Another storm is looming This reminds me a lot (too much) of coal stocks in fall 2008. WTN at 1.25? It can't get any cheaper than that! Then again at .75, then again at .50 when it was trading less than 1/2 of CASHFLOW/share. Of course a couple of years later they sold out at around 10 bucks, but at the time everyone was explaining how nobody would ever produce steel again, hence nobody would ever need the metallurgical coal, so even though contracts had been signed, they'd be broken, etc..... And everybody really, really believed it at the time too. Probably the same thing here - hey, maybe Cannacord and Macquarie will sell some at .01. figure .05/day on the current trend, 24 days to 0.