have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

No. Not at all. I just prefer accuracy and not an implication that I am posting all over the place about this. The common usage of 'few' is generally more than two.

The main thing is that I think the price is very weak for good reasons and I am expecting this drop further to around 2.5p.

But it bounced yesterday on support, thats not a weak signal!

It was down yesterday, but closed one tick up off its lows for the day.

so it bounced!!

I don't think that is what generally known as 'a bounce off support'.

A bounce off support is normally when a stock falls to a support level and closes at about that price. This is then followed by a close up the next day or very soon after. This is then deemed to have bounced off support. If you are using a line chart then your type of bounce is invisible and it just looks like the price went down to support as in VTB's chart.

you have not shown the tick up on the chart, the bounce!

No I haven't charted the tick up today as the discussion was about that you posted earlier. Let me remind you: -

gemfinder - 08 Jun'04 - 12:35 - 125 of 129

But it bounced yesterday on support, thats not a weak signal!

...................
It doesn't look to me as though you were discussing the bounce today so I limited the chart to the close yesterday. It most certainly did NOT bounce yesterday. Just look at the chart. It did bounce off support today though. It remains to be seen if it is a real bounce and it closes up and whether it tests the support again very soon.

Ok, it bounced intraday yesterday and bounced further today. Can I have a new chart showing the intraday bounce of yesterday and todays bounce.

Courtesy of supermum



6 month chart

It just looks like it is in an established downtrend!

I would say it looks rather positive

Haystack must be the number one deramper of VTB (here and ADVFN). Very nice of him to miss the tick up off of the chart.........he does like to show only the bad........perhaps we should call him Mr Negative.

Does anyone know what stocks / BB's Haystack is posting supportive news on, we can then all go there and deramp his favourites then.

VTB Market Maker Positions

 

Date	Sold	Bought	Net
7-Jun			Neutral
8-Jun	703944	192170	511,774 SHORT

barneyman

You should read the thread mor carefully. There was nothining sinister about leaving off the tick up. The point of the discussion was whether there was a bounce on the PREVIOUS day, so that was the day the chart ended to show that it went down. If you want to post on stocks that I post on positively then feel free. You may need a paid for subscritption though.

I am still very negative about VTB and still expect this to fall. Here is a chart with the tick up and you can see VTB is still well into a downtrend.

From ADVFN : With Regards to Haystack.

"It's the general tone of your posts lately that shows youre getting rattled. Why should you get so hot and bothered is beyound me. You don't even hold the stock, nor do you short it. I doubt it you trade any stock, just a sad simpleton who has nothing better to do that haunt multiple boards with the same old tripe. But if it makes you happy and contended then carry on".

Doesn't say much about his personality....

SueHelen
You should realise that a number of posters on ADVFN have their own agendas and try and stiffle alternative views on their stocks. Thye try anything they can to stop people posting. Why do you take it so personally that I have strong negative views on ELH and have posted them on that thread? I am not attacking you at all and I am being very polite to you. Is it too much to ask that you do the same in response?

VTB looks like a good business that is out of favour because people are looking at charts instead of the business.

There are several problems with the business that may be affecting the share price. They have had a number of cash calls. The dilutionary effects have caused the price to drop each time.

They are busy buying companies at a fast rate. The integration of these business will take up a lot of their time and resources. The new parts of the company may well contribute good profit in the long term. At the moment there is no way of knowing this and it makes the company very difficult to value.

In takeover deals the company being taken over usually goes up in price and the company doing the taking over usually goes down as the results is unknpwn and the market does not like uncertainty. This is not a hard and fast rule, but applies in most cases.

The recent results were not very good, but because of the cash call and the recent takeovers the company may be different now. It all adds up to uncertainty and a lack of financial data to value the company on.

You also need to consider that the market that they are in is a very fragile one. Streaming media for company reports etc. may not turn out to be a long term viable business model. That type of thing could just as easily be done by companies in-house. It is also a business that is very prone to price competition with smaller media production companies undercutting them. It is exactly the sort of thing that PR companies may get into. It could also interest promotion companies and advertising agencies.

There is very little information about the churn rate of customers, the cost of acquiring new customers or the lifetime value of a customer. It may turn out that much of the business is not very profitable.

This is still heading down. My target of 2.5p or less is pretty close now.

Haystack

I disagree about the results & their takeover strategy looks good to me, that is what they needed the cash for.

Due to the takeovers, the dilution is in voting not in value because the shareholders now own a smaller proportion of a bigger company.

I only hold a tiny amount but I do hope they do go down further, I'm looking for the bottom so that I can get a lot more at a good price.