simon marais on vpg & reits, page-2

Thanks for posting that, "junk".

The fact that VPG held even in this vortex is impressive. The dilution that has occurred is not-so-gradually flushing out those .10 shareholders who are satisfied with a healthy 25-35% profit. But those folks are either:
a-disciplined, conservative traders
b-spooked traders
c- people short of cash
d- people who seem to feel that there are better opportunities out there right now
e- gamblers who figure that they might finesse a half cent or cent and increase their holdings by some small amount
f- big fish keeping the sp frustrating low, luring lemmings
g- idiots

The last one might actually encompass the thinking of some combinations of the others, but the fact is, VPG represents nothing but upside potential in the medium term imo. The week or two leading up to the 30 November meeting should tell a story as people who know a bit might give us an indication of what will be disclosed then. This company plays its cards very close to the corporate chest, so don't expect leaks.

Congrats to all who are scooping up the lemming droppings. Hope they make squillions for you. For those of us who have been buying on the way down, patience and discipline will, in my view, be rewarded by a multi-bagger in less than a year's time. Perhaps a bold prediction, but there's no reason to believe otherwise.

ST