Last year Dec.19 we commented that this stock should be sold, however with the understanding that it might still climb a dollar or two. It inly did one single dollar and promptly proceeded to lose about 30% of its value ( in wave 1 ). From there it rebounded almost 50% in wave 2 so the serious stuff should start when wave 3 of 3 goes down for real. Any moment now as minor 1 and 2 of 3 appear to be complete.
VSN
VSN, Veresen Inc. (ex Fort Chicago)
This company is in power generation (the green way) gas, pipelines and a whole host of other things. We would be a seller as the p/e is somewhere in Alice in Wonderland levels, but we do acknowledge that the stock could easily add another dollar or two while it attempts to reach the upper trend line. There is no correlation with energy prices whatsoever, nor is there anything wrong with the stock. It is simple too good to be true.