No Upside on Vick Signing

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jcwillis

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No Upside on Vick Signing

posted on Jul 20, 2011 04:03PM

Closed at 0.3800, on volume of 4.34 million

Seems the Jury/Market is still out on the new and improved Michael Vick. Actually expected some big upside. Know this guy is not squeeky clean, but the squeeky clean athletes are few and far between anymore. May take some time for possible investors to warm up to Vick.

Volume was there. SP was held back.

Might see more downside pressure as the ConBears continue to feed on the news. Possibly, by about end of lunchtime Thursday (tomorrow), ConBears should be pretty much heading out and taking off early for another long summer weekend.

May be an opportunity to enter and see some upside into end of week. My, "Big Guy Calcs," say the current ConBear raid of three penny convertibles is getting very close to being over. Please control your risk, use limit orders, possibly with an all-or-none rider.