I know people here think VCR is on some massive downtrend or...

I know people here think VCR is on some massive downtrend or something but here is my view.

The LOK and PTD meltdowns has put some uncertainty back into small traders... hence the spectacular sell down of VCR from a recent high of $3.15 to $2.49 yesterday... a whopping 20% fall.

I think there will be a few nervous sellers at the open this morning followed by a short "quiet" time. After this point I suspect we'll see the stock quickly bought back to the $2.65 area. $2.50 was a very strong support recently and I believe it will be again.

VCR looks like possibly forming a sideways trading pattern with a $2.50-$3.10 range.

Will be interesting to see how things pan out.

Just my view,

Cheers,
Munch.

P.S. I bought some shares yesterday.