lol maybe we see 4. your absolutely insane if you think 7-10 or even 5 in the short term. This company is a piece of #$%$ that has yet to prove they can make any real money. Im long as of yesterday and will sell on any pop because I have no faith in this company in the long run but think its been oversold for the time being. That range is huge. .37-.57? Thats massive!
Way too many short sellers here bashing trying to scare longs but you can not make me sell even 1 share of my large holding. I am not concerned as I firmly believe in the future for mobile advertising and branding.
These are numbers compiled by analysts that follow the company and not my guesses. Groupon missed and lower the outlook but the stock managed to regain 25% of its dropped value within days back to closer to $6 now after seeing initial dip to $4.25 on earnings announcement. VELT has seen sharp decline given its drop from double digits to current of $3.60
Management needs to secure some new large contracts and make public announcements. Can't be sitting and letting this great company get destroyed. Mobile advertising is not going away anywhere. It is an exploding growing market. I just wish that this management act swiftly to restore lost investor confidence. Flood the street with optimism and good news.
Earnings should be great even if it comes in on low end of expectations. Long term this is a $30+ stock I say.