As a HUGE skeptic of this company (although not short) I must admit this was a good qtr for the company
For the same reason you and I sell out of a stock after a 40% rise- to protect gains. But unlike you and I they still own 100,000s of shares so they still have skin in the game
Stock has been up big time this year and Q3 for the market is ending this is simply profit taking. Doesn't appear to be major sell-off from funds as volume has been slightly below average-slightly above average. Also due to the Jewish holiday tomorrow and Friday some people could be booking gains early before q3 officially ends next week.
Actually SPD123 is not me I'm still 0 for 1 on MM and will keep it that way. Although I do follow the stock like a hawk since i expect it to hit $1 soon
Who was the shmuk had the brains to thumbs down me without answering my question? People like you shouldn't be allowed to invest!
I'm sorry but there are some stocks that are green today. And most stocks that are red aren't down 8%. And a question for all of you people- what do you make of the huge blocks being sold of 80k+ shares?
I think the reason is bc AARMQ had planes to fly and just had to cut debt and expenses..veltis inherent business model will never allow it to be profitable..listen just think objectively and then you can decide for yourself but if velti were to ever emerge from this it will be too late all the other mobile ad companies have taken off
Fair enough I'll concede you that. Remains to be seen if it helps
Those have been there before! And they still have missed earnings!
LOL testing bottom???? you've been saying that at 4,3,2,1,.5,.25 etc etc. Bottom isn't in until its trading for .00001 like stocks like HYII and PMCM