Haspete,
If you're saying that the chart looks like it might drop to 8 cents (or just under) in the next day or two, I have no argument with that.
Most people in VPG are in it for much longer timeframes than the next 2 or 3 days though, and the chart really has nothing to say about that.
In this case, the long slide from 10c to 3.5c has effectively "broken" this chart, and we are now starting to create some patterns from scratch.
Fundamental analysis still says it's vastly oversold, and once confidence returns, should see it trading much closer to NTA. The company's estimate of NTA as at 30 June 2008 was 95 cents. We're all looking forward to the half yearly due in February, to see what the most recent update on that is.
Cheers,
BridgeBaron
Haspete,If you're saying that the chart looks like it might drop...
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