I disagree that it's time to short.
VPG is massively oversold already, with low gearing, good fundamentals and heaps of upside even under the current environment. How dare anyone short it?
Look at BBI and BBP:
Like VPG, they both have good fundamentals and was simply squeezed by the credit crunch and oversold to 2-3c around Nov. 08.
They have since jumped from 2-3c to 13c now, and still keeps at this level today. This is for the simple reason that people see value in them.
IMO, It is down today because:
a. it is Friday afternoon and D/Ts don't want to carry over the weekend; &
b. the current US uncertainties.
Happy to hear other thoughts. This is a forum for exchange of ideas anyway.
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