**************** Vard: a series of SELL CALLS since September...... then a buy call for rebound Yesterday at 0.665 .... (NOW AT 0.700).

Can Vard stay above 0.700 resistance for the recovery to take shape now ?

Sent: Wednesday, September 24, 2014 4:49 PM
Subject: Follow Up ******************* Potential Downside: Broke 0.87 support further again, now 0.85

Vard has broke the 0.87 immediate support again, range can be from 0.84 near term support to 0.87 now. Might consolidate slightly between this level before any movement. Note that any breakdown of 0.84 can lead to more downside to 0.80. CFD SELL positions can be used to ride more downside also. Those looking to accumulate or average down on dip long positions for any technical rebound can consider doing so from 0.80 to 0.82 level if it does reach.

Sent: Wednesday, September 17, 2014 3:47 PM
Subject: Follow Up ******************* Potential Downside: Vard Holdings - Consolidattion after breakdown, BUT not out of the woods yet, price 0.92

From previous CFD SELL CALL, Vard has traded lower and even broke out initial target at 0.94 support yesterday on market weakness.  Current range would be from 0.90 to 0.94 first where it might consolidate for a while before more direction. Any breakdown below 0.90 can pave the way to 0.87. Downtrend still in place as long as 0.94 remains as the resistance now.

Sent: Tuesday, September 09, 2014 12:35 PM
Subject: ******************** Potential Downside: Vard Holdings - Broke 0.985 support..... price 0.97 (CFD SELL Opportunity)

CFD Sell Entry: 0.97 to 0.98

Target: 0.94 then 0.90

Buy Stop loss: 1.005

Reason: Vard has broken down the 0.985 support level that has held since May. Quite a convincing breakdown seen today with technical indicators leaning downwards as well. As long as 0.985 to 0.99 is a resistance, more downside likely. Careful long positions. Has been forming lower highs since June with horizontal support at 1.05 and 1.00 not holding as well.