OT: In Oct I bought 6600 ADNC at $6.15 when it dropped from $22, today it is $15.50 within 6 months
OT: In Oct I had bought 6600 ADNC at $6.15 when it dropped from $22, today it is $15.50 within 6 months (more than double, I have a limit sell order at $18)
When I had bought I read messages where everyone said it would be like catching a falling knife and that it was over for the company blah blah blah. I was scared but bravely bought some although I wanted to buy 20k. There was just so much negative sentiment at that time which deterred me. Wish I didn't listen to others and made my own judegement and loaded more. Anyway, point I am trying to make is those who with courage buy VELT under $2 will see the stock at $5 - $10 within 6 months for sure.
Good for you on ANDC. I've always wondered why "buy low sell high" is a universally accepted truism in everything except stocks. At its IPO, VELT sold at $15, and VELT is a better managed, more focused company today than it was less than two years ago at its IPO.
IMO, VELT has suffered the growing pains that are typical of fast growing companies. VELT's revenues should grow 50-66% over the next 5 years. At that level of growth, it doesn't take much imagination at all to visualize VELT as a $30 stock over the next two to five years. To achieve such a price level, VELT simply has to start executing better...So that it's promise becomes reality. I believe that VELT's new CEO is the right man to improve VELT's execution, and over time VELT's improved execution will drive the stock price much higher.
in 6 month $5-10 is realistic. But this is a perfect time to load the truck up for next 3 years or until we get gobbled up. At the 2014-16 forecast the Ross gave Velti will be $30+. Be patient...take the gift and say thanks!