VOG Hello again! It'll soon be good afternoon. The silence here is killing me. Wot! No news. I'm slowly losing the will....
VOG. Good morning. Hope you had a nice Bank hol. VOG down again, is spite of improving crude prices and the encouraging words of our soothsayers. I wonder if I would have been better off buying tulip bulbs and hoping for a return of times gone by.
VOG. Yesterday's price action was atypical, flatlining with a 1p difference between high and lows of 51-50 p. A greater spread allows some solace for intraday traders to lick their wounds from an imploding SP. We must think positive. So, in the absence of a collapse on Wall Street -- A prospect i dread, but I fear is imminent -- VOG investors for at least 70 p in the near future.
Wall Street is ailing, and will shortly be in intensive care. Margin debt is through the roof, just like in 1929. Not that many people are trading, and companies are buying back their own stocks. The average Schiller P/E ratio is now at about 27 rather than 16. So a company needs to trade for 27 years with profit to cover the cost of the company. This is just Wall Street alone. The rest of the economy is sick. Baby boomers are retiring rapidly, thereby taking money from the state rather than paying taxes to the state. Home prices will collapse. Money flow has stagnated rather than it being circulated. Then there is the dollar's demise which will chip away at saved wealth. Unemployment is much higher than the official figures lead us to believe. Just have a look at the numbers of US citizens on food stamps. In brief, we may witness a collapse of social fabric across the US and greater numbers of police and soldiers on the streets. Those FEMA concentration camps will start to fill with a vengeance. One near Fairbanks , Alaska can hold over 1 million prisoners. There are up to about 1000 empty FEMA concentration camps ready to be activated, each capable of holding about 20,000 to 100,000 prisoners. About 1 billion dollars were spent on FEMA plastic coffins, each capable of holding up to 5 corpses. Man, this is scary stuff!
Hey guys, it looks like Wall Street is wobbling. The US are initiating their New World Order. All homeless persons are obliged to either go to jail, or else be imprisoned in A FEMA concentration camp and accept a radio frequency micro chip in their right hands. And this is only the beginning!
At 14-05 h, VOG is not doing too badly at 47.5p (-5.00%). Compare BP at 337p (-5.5%). A word from Mr Foo, however, would steady the boat.
It has taken 20 days (4th Aug to 24th Aug) for VOG to drop from 60p to 46p which is a 23% drop. A similar decline over the next 10 days which brings us to about 4th Sep (11%) would result in a SP of 41p. These calculations assume a linear demise. Geopolitical events such as the collapse of the US dollar (don't take my word for it -- Just look at the number of FEMA camps sprouting all over the US), possibly initiated by the sale of crude oil in currencies other than the US dollar, may make a mockery of these statistics. Oh Mr Foo, what shall we do ........?
LON:VOG What shall I do now? Do I jump whilst I still have a parachute? Alternatively, I could top up with 10K at or near 50p and weather the storm. Does one or the other option make sense? PS. Did you see Centamin reach the stars today? Wow!
LON:VOG Shareholders are really being squeezed hard at the moment. Our sadness is being compounded by the lack of support from above. A few words of encouragement. That's all it takes. But saying nothing with a daily deteriorating share price is most disconcerting. Please, a word of comfort.