10/6/16 was down -$0.45 and the model projects that the component on yesterday's kill will drop between-0.45 to -0.75. The VVVs settled discount to the component by -3.99 and the pre-opening shows that traders have come to their senses and are bidding the VVVs still higher.

I have already witnessed the couple point jump in the VVVs that the model was projecting and it looks like there is more on the way.

Still long the VVVs.

Best wishes,

dhm