I hate to say this folks, but I do not beleive for a second this...

I hate to say this folks, but I do not beleive for a second this is over just yet.

Yes, Thursday trading produced a good lift - c10% up - but volume yesterday was really low (comparably).

What does this mean then? It means buyers did not increase....the sellers just stopped selling for a bit, let the price come back up, and then down again.

Look at the volume already today - its already close to 50% of what was traded yesterday and as I type this its only 11.20am.

Given that:

- VUL had a massive rise over the last few months - which I was thankfully a part of (I sold at $13.58 a number of weeks ago)
- They are not making revenue yet
- They are not providing a dividend - nor will they for a long time
- It is still very much speculative
- There is a short seller openly saying to the market the are shorting
- There are very few if any natural support levels between $13 and $8-9 ($8.40 being the 50% of the All time high, this is the strongest level the stock has)
- it made a new low this week when it hit $10.81, breaking the previous low of $10.92 just a few weeks ago
- it did not make a new high in the last rise, instead it looks to have made a head & shoulders pattern on the weekly chart



I would say the probability is to the downside.

Only my opinion, but I would suggest some care required on this one. DYOR