I think tomorrow will be a down day for the market, however, VELT will be up, I feel like a close between 3.40-3.50, with a majority of the move coming at the end of the trading day (mostly shorts covering).
Earnings will be release AH and the stock will rise, revenue and EPS will be light, however, forward outlook will be positive and the stock will jump to $4.00 on the news. Shorts may start to cover a little more in the coming days, driving the price back up to $4.50, and THAT IS HOW I SEE THE WEEK PLAYING OUT!
Just my opinion, but I think this stock has been hammered as of late and it way over sold. One ounce of good news and she is a rocket to the moon.
I see big time selling pressure tomorrow as anyone who hasn't gotten out yet is going to try to get out. Short interest is still high and management hasn't delivered one time yet. Actually they did one time by insider buying and we saw a nice pop. If the results aren't good, watch out for mid 2 s. Hopefully they do well and we see a nice pop to 4s.
I really don't know what the hell will happen tomorrow. They've got a good contract for mobile language training in Brazil, plus other deals that could add to the bottom line. Good sales people who will increase business this year. The outlook will be important and I expect it to be positive. I like the odds so picked up another 10k today. I like the new leadership as well. Hope we all come out ahead no matter how you play it.
I hear ya, I doubled my position and bought more at 3.24, I bought in at 3.5 last time and was kicking myself that I didnt take some profits when it was up hear $5.50. I think sales will keep increasing, and it will be a nice long term hold.
With no run up to tues! market already has made ajustment! Its cooked in! so we just stay flat? Unless there's a surprise anoucment? This stock has been a tough life lesson! Just hope its not to costly of a lesson!!
Hell yeah it's a tough lesson, when the price hit 5.70's last time, it didn't hold the price for more than a couple of hours before getting hammered they didn't give us time to sell. I hope it locks in any gains it might accumulate tomorrow or the days to come this week.