Hey Zest, I know you and I have clashed on the forums but the truth is your posts were one of the ones that convinced me to bite the bullet (very informative and well-reasoned).
I had a look through Vec's trading history and I'm not surprised *at all* that we're sitting where we are after two days of trading (look at the SP timeframes during every run), and this whole "good news bad SP reflection" is pretty common across my portfolio at the moment (both owned and watched). Not being listed as a market mover on Commsec certainly didn't help (no TA FOMO).
I'm the first to start taking aim at management over poor communication and for leaving us in the dark, but I strongly believe this is the time for patience. "Sell when others are greedy (recent 3c run) and buy when others are fearful (right now)". While I haven't recovered from October's bloodbath in terms of profit, I've been able to exit early on a lot of holdings (all of them including VEC at least once since October) to save myself a lot of grief, and I don't believe VEC is a risky play anymore; certainly was two weeks ago!
The market will find fair value in time, and runs seemingly come out of nowhere across the market atm. Patience is key. We have great churn at the moment and there's a changing of the guard happening; stale holders are subbing out for fresh ones.
To put it in perspective, one of my other specs is consistently delivering great news and the directors are buying up constantly, and the SP is still slowly sliding, despite being in the middle of an interrupted re-rate a few months back, but that's just giving me more time to accumulate. Give it time, let's see how we're sitting in a month from now.
