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VDSI, breaking out of base with nice volume Rate this Topic:
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fpetry
Posted : Thursday, January 4, 2007 2:52:15 PM
Registered User
Joined: 12/2/2004
Posts: 1,775
VDSI, breaking out of 2 mo. lateral base now with excellent volume. Small cap, 7 yr ipo, multi year highs now, and icing on cake are its super IBD fundamentals...A+, and Best in Group, etc. Check it out. Now long with one half size position at 12.69 and hope to add if strength holds. Stops at 12.30 and 11.95.
diceman
Posted : Friday, January 5, 2007 11:20:41 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
Bingo.
Good action considering the market.

diceman
SoCalSteve
Posted : Sunday, January 14, 2007 1:45:57 PM
Registered User
Joined: 4/10/2005
Posts: 5
I've tweaked my entry point strategy so that I can enter these positions pre-breakout. I spotted VDSI during one of IBD's free Research Package weeks with the screeners available. It had just tapered down off the 52 week high of 12.49 on below average volume (extremely important) and bounced off the 50 day MA so I picked up some on Nov. 29 @11.23.

I had to wait patiently for it to start moving but it has paid off. I've found alot of these situations that work out very well. After a strong uptrend from a bottom the first test of the 50 dma can be a nice entry point. But the key is low volume on the pullback and ideally good volume on the bounce back above the 50 dma.

I do feel the stock has gotten ahead of itself but fundamentally speaking looks like a very good longer term play.
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