daytrade diaries... november 12, page-26

Hi Guys,

Time to put VIL back on the watch list I think. The road show gets underway today and spudding is due any day now (mid month). Plenty of upward pressure on the SP again and not much time for people to get set for any potential run. It did make sense when VIL ran earlier in the week to 3c on large volume that there would be a trader shakeout before the next potential leg up – only my opinion please note.

There would have been a few who weren’t set yet for any potential run. Well following yesterdays flat low volume close it seems that the sellers for the most part may be out. VIL seems to have consolidated nicely at this level and might be ready to start heading up again. Anyway guys I could be wrong I only call it as I see but certainly worth watching now – good luck and DYOR.