VIT Showing Signs of Quiet Accumulation
posted on
Apr 09, 2008 06:07AM
Have you noticed recently that we are consistently getting larger bid sizes to purchase this stock? Have you noticed the price of gold bullion is not a major factor in the day to day price swings in this stock? Have you noticed that upside volume is higher than downside volume? IMO, these are all subtle signs of quiet accumulation. It is probably no surprise to many posters here that this accumulation happens to appearing ahead of expected drilling news in the next three to four weeks or sooner. Stock remains at a low risk entry point vs. the upside potential for this stock should drilling results come in anywhere close to those that were previously reported on hole #5.