VSl is one of solid tech stocks in Australia. I still believe that year-end rally will be frenzy especially for Tech stocks.
In terms of making profits and having solid balace sheet. Of course, everyone will mention about VSL,TNE,IFM,IRS and so on.
I'm trying to buy some parcel of VSL to hold for a year. Current company's EPS is 7.8 now,. i'm sure that VSL will achieve more higher EPS number in 2004. Given that, today's price is undervalued.
Technically, VSL had solid bottom formation over 4 month and is poised to break 1.50 resistance level. I think today's retacement is a good buying opportunity so i bought some today.
This is only my opinion, so please consult your broker when you make investment decision.
VSL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
