Addition post on Vard

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 make some money
out of the price action of the stock, then prepared
for a rebound with a cut-loss level intact.