I bought a trading parcel during the recent market blood bath at 30.
Always buy when the stock bounces from a key level and sell when it reaches overhead resistance, then rinse and repeat.
I sold half this morning & will look to increase back to a full parcel if it dips below 33 again in the coming weeks.
I do believe the stock has now transitioned from distribution to gradual accumulation again.
I believe VMS has just passed number 5 on this graph...
How so? look at the number of thread views of each post now compared to earlier in the year.
Interest has bottomed and should now slowly climb. (IMO)
It's not fool proof, but does give an indication of what could be happening with VMS. (ignoring wider market forces)
I've adopted a new policy in the last 6 or so months.
"Missed money is better than lost money"
By trading a small parcel (relative to the rest of your holding) you can gradually increase your holdings and de-risk your investment. (build in a buffer)
Eg. If you bought at a higher level and are now locked in, you can trade a small parcel and gradually lower your buy in price.
The current volatility in the market has presented excellent opportunities to do this.
Permit confirmation, will be shortly followed by a decision to mine D.S.O. IMO and this will be the time to rapidly build a substantial holding.
Thereafter the BFS and decision to proceed with construction will be the second trigger.
Worth a watch if you have time.
Cheers.
VMS Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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