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Analog Devices, Inc. Message Board

  • dannynguyen76 dannynguyen76 Jan 31, 2013 10:41 AM Flag


    What happened to VELT?? I saw it over $5 couple days ago. Now under $4?

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    • Ha. Alot has gone on with $VELT this past week let alone year. I just started following $VELT not too long ago. I started taking notice leading up to earnings and actually purchased 100 shares @ $3.45 whenever that was but prior to earnings. I did not think they would puke in their mouth and because they failed to provide guidance for 2013, the CC was going to provide it either way. There was a HUGE short interest so if they said something good the shorts would have to cover causing $VELT to pop. Hahaha I was so wrong! Some of the Shorts on here for sooooo right to the Tee with what would happen. No one knew it would hit $1.90 something but a few said $2.05 etc etc... keep in mind the stock price was $3.20 or something. Bottom line, the day leading up to earnings after the bell... it traded down all day so that alone was a huge red flag and I didnt care bc I was playing for the huge gain when I recieved a loss instead. I still believe that $VELT can be bought out or create a new partnership, add additional revenue or something of that nature to get back to a $3.50 level.... but I really didnt know to much and it showed. Next time ill listen to the shorts bc they made money. $VELT dropped 30% in AH and trended another 12% downward the next day... I mean it got pounded. I would say that it has hit bottom and anywhere around $2 would be a descent play. Good Luck

    • onedanelectroman,

      I believed you traded this before. What is going on with this baby?

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