If you still have buying power or cash reserve!!! If you don't, wait until it hit 13 (probably in a very short time), take a lost, sell it at 13 level and move on to find new winner. There are plenty of opportunities out there, why wait for the looser to come back !!! Just a thought !! Good luck !!
Agree. Or must hold at least 6 months to break even. Keep buying when it is below 9.75 and sell it when it is above 10 as many times as you can, then finally get out of it when you are even $$$. Waiting time is loosing. Market is risky now so everybody is doing the same way: short time or day trade investors.
Hi flyer doesn't need book value but need expectation. Only utilities or basic material companies need book value. Hi tech companies do not need book value but need grow expectation !!!If you want to play conservative play utilities companies!
Put it on 200 miles/hour
Since the first major correction from $21+ to $15 I already predicted VLTC will go to 1 digit. It is way over-priced; and every body is awake now not in a dream mode anymore. It must have a very good news to move it UP, otherwise, it will fall to under 4 very soon. Good luck everyone!
From one loosing position to another. Take your $$$ and go to Florida to enjoy life is better!
If you have Level-II trading, you will see any small portion of GREEN lot if follow by large of succession portions of RED lots of big orders; that why the price of VLTC could not move UP; any attempt of shooting UP will be dragged DOWN by wave of selling. This is a completely different pattern than before the last collapse.
A lot of buyers/traders get trapped in the last collapse of VLTC, so any attempt to shoot UP will face wave of selling from people trying to get out of it with suffer of minor or major loss. Even traders are nervous to get in at this time since we don't know when it will collapse again.
If I were you and still has buying power, average DOWN when it hit to low 11 like 11.15 or 11.25 as many time as you are able, partial sell when it come above 12.40 and keep doing it until close of today and accept a the remaining loss and sell the remaining shares and get out of it. It is an over price stock; it goes UP because market is UP today. It will be a disaster when market turn into negative.
How it is justified a $50 stock. Buy out is just rumor. Balloon will burst when it is too hot and free fall to the ground. That is what happen to VLTC. Everybody is awake now, no day dreamer or speculator. Fundamental foundation will prevail.
I don't know about other brokers, Fidelity does not accept buy on margin VLTC. After the shock, every body is wake up now. They are all on alert. They don't want to catch the ball on free fall; they wait until it bounce back and forth several time to make sure they stabilize before attempting to catch it again. Also if volume die out it does not worth to get on board since IN and OUT is getting more difficult.
Starting with today 3.51 (or 23.1%), 7.14 (or 44.1%), 8.09 (or 77.9%), and 1.66 (or 19.1%). VLTC is widely swing each day; so a lot of daily buyers want a piece of it enough to make a moderate quick profit; any momentum UP will face a wave of sellers who wanted to download loosing position or lock in their remaining profit. Finally the sellers overrun the buyers and the price keep dropping until volume die out or very few transactions are recorded. That's look like it is going to be.
Baseless, valueless and senseless: that's all I can say. VLTC will go back to single digit probably at 6 at the close tomorrow. No news no justification for a run UP.