Dwindling ever lower. at 400k shares now, or 440,000 dollars worth. That is 1000 shares of AAPL people. If the prospects for this issue were good, the analysts that have supposed hold or buy ratings on it would be buying at these levels. But they are not. Invest at your own risk
Low volume is indeed dangerous.
I have seen hundreds of microcap stocks with low volume manipulated by MMers. Just a constant drip would do it.
They need to get rid of Alex ASAP.
Until Aug 13 happens, there is little reason for volume. Longs are awaiting a reversal of fortunes, or to jump back in. Shorts are paying interest to have someone else to sit on their money in the hope that VELT continues to show no progress of a turnaround. Give it two weeks and come back for the excitement!
Analysts don't buy anything. Analysts are the lowest people on Wall St. That's why they analyze equities instead of trade them.
Institutions don't buy Velti for two reasons.
a) Velt doesn't trade at a high enough market cap for mutual funds which means they cannot own the company even if they wanted to. They simply aren't allowed to.
b) Velti doesn't look good in a portfolio. Investors are fickle morons (look at the people on this board). They want high flyers like TSLA and NFLX. Portfolio managers don't care as much about performance as they do about looking good on paper and window dressing.
You have a stock which has literally zero institutional trading in it which means only retail chumps like us trade it. That's a blessing in disguise. Just read Peter Lynch books. He's the first one to tell you that money managers are ALWAYS missing out on good stocks because they always buy the hot stocks that look good on paper rather than the stocks that make people fortunes. Ever notice the pitiful returns that hedge funds post. 25% return in a year and everyone and their mother is throwing money at them. I used to post 100% returns yearly when I was in college! How come no one gave me a billion dollars to trade with?
No reason to get in on VELT until they show they no longer need additional cash by offering more shares or further diluting existing shareholders. Management has shown zero competence. Mind you how pathetic of a company we are talking about when shares go from $10 to $1 when they are in an industry experiencing explosive growth. That says everything about VELT as an investment.