Yes, this is a tough go. Hope you didn't margin. Otherwise we are OK to hang on and wait for the spring to be sprung.

When? I'm don't know but I am prepared that it won't be September. Some say the tide will turn after the US election but I don't think this is the deal. Its all about the hedgies getting their act back together and everyone feeling more positive.

Could take several months and I'm prepared to wait. Yes we should all buy a bit more VMS and other bargains but thats not happening for most of us as we are already fully engaged.

Hand tight - VMS is worth what you get when you cash in not what it is trading (way undervalued) at today.

Cheers