Im a trader...I do hold SWM long as a defensive and prospective take over target...thats a given.... With VCX its a great trade for volumetric and a case study for stability...this is nothing like Centro as somebody in here is concerned about... $2 for this stock is an easy target...it is macro and has been beaten within an inch of its life...now with Victoria opening up and xmas coming along wth its repetitive rally, Republicans in the senate so Biden can not spend like a drunken sailor...momentum is on the side of markets.... I was going to sell at the $1.425 as it is in a sideways trade...beautiful for traders...you can do that 4 or 5 times and you have sold out at $3.50 even when the price is at $1.30...how ever from $1.21 to now a $1.39 and based on last indicative close...funds are coming back in as the rotation out of commodities & looking for a new short term home...REITS are looking at a lets say 25% discount to market..... A profit is a profit...but my numbers are telling me it has momentum legs...the moment I see momentum slowing im out for a retraction and then Im back in to capitalise on xmas...but remember...it retracts before the xmas rally.... ALWAYS.... Hope you do well with what ever you do... RDD
VCX Price at posting:
$1.39 Sentiment: Buy Disclosure: Held
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