I reckon VML will be at least 30 cents or even 50 cents one day ......even if they eventually end up on the scrap heap
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I reckon VML will be at least 30 cents or even 50 cents one day ......even if they eventually end up on the scrap heap
Can you imagine what robbo would be saying if the directors HADN'T taken part in capital raising?
Fact: VML notice 15/9/14 Mike Carden buy's shares on 11/9/14, 2.6mn on Market @1.9, maybe he wasn't privy to the forthcoming 1 cent placement?
4/9/15 7,357,886 shares traded @ Vwap 1.89
5/9/15 3,625,000 shares traded @ Vwap 1.87 as example of preceding days activity.
I probably even sold some to him.
VML notice 30/1/15 Mike Carden listed as one of the recipients of the placement, good on him!
We have a good investment holding and a few for trading around the edges, if Mr Market get's ahead of it self. (how's that for disclosure)
I think it is worth contemplating that everyone is in this game to make money, trading or investing across all available equities, including the hard working Excecutives, Directors, employee's of any entity.
I wish you well with your strategies, you are obviously a very success person, and a long contributor on ST.
Wallace D. (Holding)
So which is it? Were you selling or buying at 1.9? I thought you mentioned earlier you were accumulating? Why would you be selling your shares if you saw so much potential in them?
http://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by Wallace D http://www.sharetrader.co.nz/images/...post-right.png
no we didn't get any of the 1cent placement recently. But through our research identified this opportunity last year and started accumulating, some @ 2 cents initially as it fell from 4.8cps, then all the way down to .9 cents, and lots around the 1 cent price range. We couldn't believe our good fortune, but were very surprised they were being sold off at this price.
Highest performing stock now:
Stock Name Year start price Current price Year change VML VMob Group $0.014 $0.024 71.43%XRO Xero $16.150 $24.470 51.52%PAY Pushpay Holdings $2.800 $3.950 41.07%PPL Pumpkin Patch $0.220 $0.285 29.55%BRL Bathurst Resources $0.030 $0.038 26.67%
They should do a chart for "Highest Performing Stock (for directors buying through would-be-but-for-insider-trading-transitional-period placement):"
VML - VMob Group - Placement start price: $0.01 - Current Price: $0.024 - Year change: 240%
Good to be a director of VML, you just beat the market 3.5 fold! Well done to directors!
Hi Axe, please read what I wrote, my focus now is investing/trading the ASX predominantly, but as I disclosed, we have a solid investment holding of VML shares, but will always trade a few when technical indicators suit. As you will see in the charts, the price got pushed down to 1 cent again sometime after that? and yes I bought some more, isn't that what we do?
When others are selling, we are buying? as long as the story hasn't changed?
As Peter Lynch say's, if you can't convince yourself "When I'm down 25%, I'm a buyer", and banish forever the fatal thought "When I'm down 25%, I'm a seller" then you'll never make a decent profit in stocks.
To qualify this, DYOR extensively, as not all stocks are created equal, and I'm in no way telling people to buy this stock, just saying I have and am supporting those with like minds.
Another thing I have noticed observing lot's of the recent tech/biotech listings in NZ, is how a company can say " This is a 5 year plan"…..and everyone seems to expect it to happen in 1year????
Again presents great trading / investing opportunities.
Wallace D (Holding)