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Friday, August 31, 2007 9:33:27 AM
VTSI volume has been quiet for the last 6 months. I do agree the Friday before Labor Day is usually quiet BUT not today.
Futures way up and BULLISH
"09:15 am : S&P futures vs fair value: +18.7. Nasdaq futures vs fair value: +26.0.
09:00 am : S&P futures vs fair value: +18.7. Nasdaq futures vs fair value: +25.5. A bullish bias persists in pre-market action as both S&P 500 and Nasdaq 100 futures hold their own well above fair value. Investors are embracing everything from Bush’s subprime mortgage proposal, which is restoring confidence throughout the beaten-down Financial sector, to tame inflation data, which boosts rate cut expectations.
With regard to Financials, the return of its leadership will be a crucial leg of support for a market that struggled to find direction yesterday as the absence of its upside influence acted as an overhang."
The summer lull is over and as usual the market goes up after the summer downturn and now all is right in the world and the fall rally started a week or so ago. Subprime "crisis" now under control - gee what a surprise...
The new price range of VTSI is now $.02X vs $.03X from $.04X - next will be $.01X....Looks like a buying opportunity
These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company
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