VIT ==> The Nottingham Winner

[Deaddog]

Doesn't look like support held. On the positive side not much volume.
Lets see if it recovers a little tomorrow.

[Skrumpa]

I took a small position in VIT today at $9.47 on the long side

I will add more shares as the stock goes up.

Using a mental stop around $8.80

[Skrumpa]

Current Short Float = 24.41%

Stock price just hit $10.22 shorts are covering

Day traders buying for a quick pop........... nice volume

[Deaddog]

Stock is up 20% as I post this/ Who says the markets aren't effecient.


Nov 15 2011:
NEW YORK (AP) — Chinese information technology services provider VanceInfo Technologies Inc. said Tuesday that its third-quarter net income declined 59 percent due to higher expenses, and its earnings outlook for the current quarter fell short of analyst expectations.
Shares fell $1.12, or 12.6 percent, to $7.75 in premarket trading.
The company said it earned $3.2 million, or 7 cents per share, in the July to September period, down from $7.7 million, or 18 cents per share, in the same period a year earlier.
Adjusted earnings were 14 cents per share in the latest quarter.
Revenue rose 26 percent to $70.3 million from $55.9 million.
Analysts, on average, were expecting earnings of 20 cents per share on revenue of $70.9 million, according to a poll by FactSet.
The company's third-quarter results included $2.4 million of expenses related to the company's expansion into the financial services business. Its selling, general and administrative expenses grew 68 percent to $22.2 million.
For the fourth quarter, VanceInfo expects adjusted earnings of 19 cents to 21 cents per share and revenue of at least $84 million. Analysts were expecting earnings of 25 cents per share on revenue of $77.5 million.

[Larry]

VIT was starting to make a come back. I was thinking about hopping onboard the VIT train, but now its seems to be pulling back. Maybe its a buying opportunity???????. I going to keep watching.

[mrmarket]

VIT was starting to make a come back. I was thinking about hopping onboard the VIT train, but now its seems to be pulling back. Maybe its a buying opportunity???????. I going to keep watching.

I still own it.

[Deaddog]

VIT is on my bottom fishing watch list.
It has broken the downtrend started in May last year but has a ton of overhead resistance.
A falling 200day ma is just above and may offer resistance.
On the positive side; there has been a series of higher lows since Oct. Unfortunately not accompanied by a series of higher highs so it’s not really an uptrend.

The ma’s are starting to turn up, that’s a good sign.
Right now I think I’ll wait and see what happens.
I might take a small position with a tight stop if it comes back to the trend line drawn across the swing lows around 10 bucks. We have lots of time. It has to go up over 200% to get to Mr Markets target.