Club Mulgoa

Sunday, November 13, 2011

VIL

Stands for "VILe" performance. But it is rather odd. Since I bought the stock, it has fallen 75%. Yet it is looking for oil and gas in the USA and in Tunisia. The North African project is bearing fruit with successful oil exploration. But the share price just won't perform. It isn't a stock for me to sell off either. This one is a test of patience.

Don't buy it. Not because of poor fundamentals. The market perception is importance. And it is "bad" towards this stock. So I will keep it until it hits the big oil or gas somewhere in this earth. When the big boys notice this stock with future good announcements, then only, jump into the bandwagon. You will never know when that will happen. Of course, it could be too late but VIL will remain miserable for a long time. How long? I will never know either.

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