Good call on VCR (and MBP too :)) over the last 2 weeks. However, Im quite wary that it ain't gonna go much further down from $1.28+ On my chart, its very unlikely it will breach the 52week low of $1.21. It seems to be set for a rebound when it does go below $1.25, despite the current neutral news. So I think buys calls now from the likes of ABN AMBRO will only drive this rebound (be it over-optimistic!) to $1.50+ for a while.
As much as I would like to short VCR right now, I think it would be more prudent to stay out of it completely! I am not even going to long this as I think it'll be a slooooow climb back above $1.50+
Good luck to all who are in for the long!!
VCR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
