MM is a little too risky to play if you ask me. Take today for example. MM dropped all the way down to $7.16 (that was Bullinvestor's buy in price from a few weeks ago) then it bounced back, but for how long? Keep in mind,MM was trading in the mid 8 dollar range just last week.
Now VELT, on the other hand, has held up extremely well considering the circumstances. I'm actually surprised it has held up as well as it has. I might have to re-think my re-entry price for VELT.
Congrats to all of the VELT shareholders who held on during the latest run-up. VELT looks like it wants to break through the $2.16 resistance level. Will this time be the one?
Wonder if those who bought the top will say that the 90% trim was to give more room to run? The law of unintended consequences has more power in trading than what was intended, but VELT's decline to microcap size has been so ugly, it will be a long time to come til the big fish even consider it. Yet, as you note, it does give us minnows a potential longer ride.