Interested in getting in this one but its had quite a run from .50 to where it is now (2.90).
Can this stock keep going up? I see a lot of insider buying. Normally thats a good thing but if that is the only thing keeping the PPS up then I'm not sure if this can go that much higher than its book value at 3.50 (would still be a decent move though if it could).
Will VVTV go to 6.00 or more in the next month or so? Does it have the ability to do that?
I'm only interested in stocks right now where I can potentially double my money.
IMHO - This is a traders market not a value market. Trying to double your money is going to be hard because we already had a very good run. I feel good if I can get a 10%-20% short term gain, sell and go on to the next opportunity. If you do it enough times you can double your money.
Look you can channel trade and double or you can hold and double both strategies can work> The problem with channel trading is if you miss the entry point due to a break out. If the quarter comes out ok it could breakout and have a double without excessive trading.
$2.87 seems to be a good entry point for VVTV from what I can tell looking at the technicals. If it goes lower than that I would say $2.13. Thanks for the comments everyone. Seeing as book value is $3.50 it would appear to be a strong buy anywhere under 2.90. That's what I'll wait for.