All these minor pullbacks are ways influence people to sell.
It is basic psychology when the stock goes from $2.15 to $2 and your entry price is at $1.75 you will sell inorder to lock in your profits.
Local can go bankrupt very fast.
They have negative working capital and are losing money.
Because it is overvalued.
It is selling for 3x sales with all the growth priced in.
Velti is selling for 0.7x sales so has much more room to run.
Velt will see $3 lot faster than MM will see $11, In percentage terms both are equivalent.
Q4 will be cash flow positive because of DSO collection.
Q3 will have lot more revenues.
This stock is going way higher.
Probably mid 3s by August earnings release.
3rd quarter is their strongest with high revenues predicted.
DSOs will just come down dramatically and cash will increase in thier balancesheet,
Dont get shaken out for the pennies.
MM is overvalued and lot of growth is already priced into the stock.
I will not play that game.
My average is around 1.79.
So for me it has lot more room to run.
Are you sure Einstein?
MM has a market cap of 600million
Velt has a market cap of 170million
Velt has lot more room to run.
Trend is looking up.
We have run past 50DMA decisively.
We are heading towards 100 DMA which is at $3.
It is basically time to sit back and relax.
Let the day traders duke it out.
Quote From Reminiscences Of Stock Operator
"I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend."
Come on scary no changing stories.
Of all the pumpers who have posted here for the last 3 months this most amazing bullish post.
I had an order to buy 83k @ 1.80. Bid was 1.81 and ask was 1.83.
Inorder to force the market maker to execute my 1.80, I placed my entire 270k holding to sell @ 1.83.
Normally what happens is that bid and ask moves down since MMer will want me to chase.
In this case my 270k started getting executed immediately, so I had to pull the order.
So if a 270k order was able to force down few pennies I knew the upward bias here.
Actually I own 353k shares. Plus I dont diversify and I might go down with the ship here.
If you place big bets for 10 years and have good luck on your side you can accumulate decent capital.
Anything is possible but if they are valued similar to MM then it will be great.
MM is valued at 629million implies a share price of $7 for Velt.