I actually agree barney.
Thing is, we now play the opportunity cost game. Are we better off putting our cash to work elsewhere?
Yep agree
@over9k
There would still be a few punters holding decent profits on VML from the 4-5 cent region (potential sellers)
Plus there would be
more retailers who got in on the March spike and are a bit underwater (potential sellers on any positive price moves)
Plus all those (retailers) buying the "dip" from late April to mid May could also be looking for a break even/get out trade (potential sellers)
Therefore punters re-directing their cash to something with more (short term) potential is totally understandable as you suggest
Shorter term traders above represent a large % of retail traders in general (i.e. swap/sell at a loss/ chase the next winner etc etc.)
I stopped "short term" trading a few years back, and now accumulate (speculative) value. And am doing much (
) better, lol.
In my view VML is currently valued at a reasonable level, and the selling is justified.
I'm in for the potential a year/two years/and further, down the track.
This Stock has as much potential for medium term price appreciation as any on the ASX, (in my view!)
(Bear in mind I own a lot of Stock in VML, and wear rose colored glasses when I post about them, lol.
)
Cheers, and have a good weekend