patience for the long term

I remember in November this year, I posted, this could touch 10 cents again and thats where my parcel has been waiting to pick up more. Still waiting btw. The support flowed in when it got close to that level.

I always believed this would sell back down after capital raising. This is typical leading into xmas period with a capital raising under belt done in October quarter. I set positions from 5 cents up to 10 cents on buy side.

What will move this stock short term is an announcement regards extension of debt terms to 2011.. which should happen in December 09. Then we have half year reports coming in a few months, which will look better with Europe in better shape through Duke.

I am a long term holder with a 2 - 3 year view and more I can pickup 10 cents or sub 10 the better (sorry short term traders with long positions)I am looking at picking up volume, and looking forward to the dividends in later years.. These times are sometimes once in a life time opportunities and how in previous downturns many became multi millionares.

The difference in attitude re VPG long term and short term trading is as a long term trader, I love what is happening and wish it to go lower (sorry short term traders with long positions) as I believe the long term trend this stock can only go up.

I am looking forward to half year results to be released next year.