Ok, I received many many emails and Skype message asking me question on Vard (fka STX OSV) I am sure that the readers should have read from SGX announcement on what exactly happened to Vard and the Q2 result that follows. In my own view, I believe that the bad news has been factored into the stock long ago and long over-dued. Looking at the chart, I am prepared to stick out my neck again and call for an interim bottom at this time. I believe that the downside is capped and any further selling will be limited. Now come to the issue on whether to buy at the current situation or not.
If you are an investor with a 6-12 months perspective, I strongly believe that now is a god-send opportunity to grab the stock at such a GSS discounted price. If you are a trader that want to ......