MM up $0.65 - I was so tempted to buy at $6.35 but didn't have money & don't like buying on margin
MM up $0.65 to close at $7 after it dipped earlier to $6.27 - I was so tempted to buy some when I saw it at $6.35 but don't have money & don't like buying on margin. Thought about selling others in my holding where I am sitting on decent profit but after seeing how VELT dropped from $14 to $2 I honestly I was bit nervous. Also the dumping volume was huge but suddenly a 200k buy block came in around $6.45 and pushed it higher.
I like this industry and am very bullish on mobile marketing. For now I am happy with holding VELT in the sector.
So hard to call out a sinking ship, I wouldn't try. I'm watching $MM for obvious reasons, it's in a money making space. The problems for both $VELT and $MM are on the table, some more than others... But they will bounce back. We will see as $VELT is trading up today, a huge buy two seconds ago, but would have to say $VELT is a better bet being so low. Watch $MM on the sidelines and watch for upward trends.
MM rtq $7.25 - Wish I had bought some but as I only like with cash I have I would have to tap into margin margin to make the purchase which I don't normally do and that is why I missed out. May be I should have sold something else in my portfolio that I am sitting on decent gains and buy more VELT while it is still around $2