Understanding This Latest Trading PatternSo gentleman and ladies if there are in fact any female posters for Viemed, this is where I can't help but get a little frustrated with the stock. My gut was asking the question as to why the SP was moving up so much, like many of you I thought forsure news was coming. I quickly reminded myself that Viemeds news wire has always been very slow to date, however the uptick in trading volume and price surely had to mean news of somekind right?
Admittly I grew more nervous each day that passed with no news to support the recent run in the stock price. Now some would say that VMD is still cheap at $12.75 CAD, some would say the recent rise is do to technical trading patterns, and combined business fundamentals. Recent analyst's reports have mentioned that a 30 million dollar acqusition could add $2.00 to the SP. We have no idea what, or if anything is in the works. It is certainly taking a long time to pull the trigger.
Many believe that a VA contract will eventually get put in place, however that is yet to be seen. I believe the company is in stage two of the pilot process with the VA, which has been going on for quite sometime now. The Viemed staffing division seems quite interesting as a stand alone business, this is still quite new and I must admitt I don't know much about it. Perhaps LongTerm3 can shed more light on this business, numbers and future growth forecasts.
Scotty19, what say you on the technical side, how much really comes into play with this company at this time and current market conditions? I was expecting a quick rebound on the stock price, however volume has slowed and most buyers are not hitting the ask. GLTA.