This stock is only here from a technical perspective...the shorts are still pushing hard to drive it down but they are playing a dangerous game. IMO you will see covering start to take place couple days prior to earnings news. They wouldn't dare hold through that one.
hell I am long the stock and HOPING lol but you the shorts called this one. I will ride it to 0. I was just wondering about the new business can they put that in guidance? I didn't because they didn't have past rev but that might be rookie mistake.
Same here. I am holding 414k shares at avg 1.04. ( I bought too early!) The daily si has gone up for two days,which is why it dropped. However, the shorts are still facing the same issue: no volume. They can't wash out enough shares from the retails. Yes, the shorts are scared too, and time is running out.
If the stock goes down it is almost always assigned to shorts- but the thing is that along short its also the longs who are simply getting rid of this company. If Velt is a global leader in mobile ad space, how come it went down from 20 to 1? Clearly they are doing something wrong, very wrong. Why would anyone buy a company that has no means of refinancing left (apart from dilution), officialy it is known for not paying properly to the developers, has mediocre management and is not generating profit? I know it is very hard to admitt the losses and get out of the position, but clearly this company is a plain disaster. Will it pop after or before earnings? Maybe yes, maybe it will even double. but the same odds are in LA when you play roulette. I wish I could say good luck longs, but I am afraid here not even luck can do anything.