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Wednesday, April 28, 2010 6:37:14 PM
My theory is that yestureday, when VNDM 'dumped' the million shares mid-day, we had a tonne of momentum until this point and this scared fence sitters/newcommers into holding in the low 5's. VNDM saw this, new it and basically has backed away ever since including all day today. On the flip side, longs are so strong in this stock NOBODY wants to and/or will sell at such low valuation so even with tiny volume, we hold the PPS.
So where do we go from here. Long term, we all know we are going higher, much higher. Short term, again VNDM holds our fate in their hands ... if they are truely done, look out cause the next few to figure out the potential of this stock will drive the PPS up so quick, our heads will spin ... just need ONE powdered buyer. If VNDM is not done, again he will dictate the pace of our climb.
I am now thinking that VNDM may not be representing the orginal 200 MM shares but actually may be representing an investment buyer who bought in the 2's and is now making a little profit into the 5's as there appears to be way too many shares being traded for the orginal 200MM still to be kicking around. Either way, once they are out of the way ... look out above!!
All IMHO but IMHO of coarse, I am correct!!
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