Not too sure on VITX it's at a attractive price here but I'm a little sp00ked by the Insider Sale on March 5th of 1.5MM shares @ $1.20 by the Director of VITX. Any thoughts on this one? It seems have strong support at $1.10. I was thinking of jumpin in for a swing trade but I'm a little hesitant with that recent insider sell off and the drop in instritutional shares this past QTR. Any feedback is appreciated.
Cheers
Posted by Chicoman on :
well so much for that strong support @ $1.10 it just dropped below....
Just to add to this I see this stock continuing to drop here possibly under the $1.00 level it wouldn't suprise me....don't see much support forming yet.
OK well so far it's continuing to drop.....does anyone see a good entry point on this stock yet? Art? anyone? feedback is appreciated.
[This message has been edited by Chicoman (edited March 16, 2004).]
[This message has been edited by Chicoman (edited March 16, 2004).]
Posted by Art on :
Fast fallers scare me. Could be a sell off in response to the recent large insider sell.
You have to know why the insider sold.
Watch for a positive change in sentiment before buying.