Facebook, everyone is talking about the future of mobile advertising
Guess who is selling for half their book value.
Of course the stock has to endure thee 15million shares being sold by new owners at $2, then $2.50 range.
Book those gains and ride the rest of their shares to much higher gains as Velti is in a sweet spot for mobile advertising. Traders trying to daytrade against the big seller? GLTY. I'm buying the dips and looking long term to see any gains. Noticed there is a big buyer in the $2 range that is sucking up a lot of supply and not letting the price drop further. What a pain, would love to pick up shares much cheaper. Maybe the buyer sees a short term catalyst???
Also glad Velti has written off a lot of nonperforming geographies, you gotta hit bottom before you can book big gains on turnaround plays.