Trend Analysis shows VLCO in a Strong Uptrend with a perfect score of 100%.
This being a long-term, buy and hold play, daily volatility is to be expected, but a continued uptrend is also anticipated.
VLCO has many great developments in the pipeline. They have promised frequent and numerous updated via press release, and have delivered on that promise, to date. Much more to come from this play.
CEO Vince Vallardita, which I have spoken to on more than one occasion, has a definite plan to take the stock back to trading in the dollar range. He seems to be working that plan and the plan seems to be working, although we are still just in the very beginning stages of it.
News to be expected within the short term has to do with a share buyback to be executed by the company, official retirement of the company debt, and an anticipated shareholder dividend.
The float is reported to be at 50 Million shares, which is very small, and any of the above news would send this stock parabolic in gains.
In my opinion, anything in the .04 to .05 price range is very cheap.
No comments:
Post a Comment