Validian Corp (fka VLDI)

[Surwin]

I have always stated this stock is a good trading stock based on the charts, but as an investment it lacks a lot to be desired, like real sales and cashflow.

Yes, if one averaged down you might be OK, but it depends the size of your position. If anyone has a large position over a couple million shares and wants to get out the price will drop and it still is questionable if one can get out at a profit after holding all these years. I did not think anyone one bought this stock with the exception of traders like me to sell this stock for penny moves. As I recall this stock was going to $20.00 $40.00 and $50.00 and I believe $55.00.

Yes, one can make some nice change trading this stock on technicals, but without a single PR news announcement in over 1.5 years, no financing in sight and no sales, and all the .03 convertibles out there making for strong resistance to close over .03. In my opinion it is amazing the recent run up to current levels on no news and just rumors has held so far. The question remains how long will support at .02 and resistance at .03 hold and which way will the stock break out of this trading range, especially with Q2 over and still no news