This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
For those new to VSCI or looking to add more to your position, this is your chance to grab the stock at a bargain. The stock has come down a bit (it was overextended) and is now sitting right above support at 3.50. Cut your losses if it closes below this level on heavy volume (over 280K).
posted by Nick M. @ 10:46 AM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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5 Comments:
A close at 3.50 or higher would be bullish for VSCI (now with the daily low hovering around 3.25)
Ouch! My add on positions in VSCI have definitely suffered. In retrospect, I should've sold everything the other day. Then again, who knew that the pullback would be this severe?
Nick,
Do you plan to sell VSCI on Tuesday or are going to hold hoping for a turnaround?
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Scott,
It all depends on how the stock behaves. If I see that the stock is showing a bit of strength, I'll hold on. The turn around all depends on the length of the delay for the 3Q Results and whether they will be positive or not. Only time will tell...
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