Sorry, investor450, but this is downramping. Here's a reality check: The share went up by 37% yesterday, and today, it corrected by about half of that gain. Profit taking is typical when a share takes off after a long lull.
But your assertion that a large shareholder is "getting out at any cost" is interesting in light of the fact that, by the same token, another large shareholder might be getting in at any cost. Face it: for a trade to happen, someone has to buy. So on 100 million share volumes, you have to assume that someone or some insto is very happy to buy at these levels.
Of course time will tell for VPG, but the ann was positive and the company is buoyant in a sector which pretty much every analyst says is oversold. Your last question was, "Is there more bad news as we head towards reporting season in August?" is just weird imo. The share is over a cent higher than it was two days ago, some 15% or so above the close two days ago. "More bad news?" Yesterday's news was good. Another view on this would be, with reporting season so close, perhaps it's time to take a position.
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Sorry, investor450, but this is downramping. Here's a reality...
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