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Good trade. Shorts are in total control right now. I think the close will be near yesterday's close. After all, it's an abstract announcement. Interesting but totally speculative.
Thanks dew. It's a herd of crickets here. Nice 5% pop yesterday. I think she could run to $50 today. If not, my stops are in at 1/2 my holdings at 47.60 and the remainder at $47. 15. Gonna be a fun day.
Is there any intelligent traders here? If not, Where's the board where investors are discussing this stock? I see money to be made on this.
Nice informational post!
Quiet board here. Analysis have price targets over $125 a share for this stock. What am I missing...or should I say, what is everybody else missing? If it hits half that I'll be dancing an Irish jig all the way across Ireland!!!
That explains the dump.
I don't short bud. Only long but I'm not blind. Added more of vrng at .59. Tried to get wyy at 1.09 yesterday but missed it buy a penny. See previous posts...wyy at $1.30. Hopefully it stabilizes here.
Insider buying? Lmao! Stock is in a free fall. Traders, shorts, and MMs have this for the next week. Insiders won't lock in a price with the SEC until this stabilizes. $1.25-32 is my guess.
A 30% drop in a month is a problem regardless of anybody's timeline!
WTF! The ski slope has turned into a cliff! Where is management? No news and end of year tax write offs are killing this stock! Ouch.
You can say that again. I bought more at $1.42 thinking it would pop back to the $1.50 range. We all know how that worked out. I doubled my shares, averaged down and now I'm really underwater. This thing better do something by the end of the year. Unfortunately the chart looks like a ski slope so I'm not holding my breath.
And pigs will fly. Come down to earth bro. If we hold a buck, that will be a huge win for vrng. This is still a lottery ticket. You might get rich if the en bank review becomes a reality, then again, I wouldn't be surprised to see this in the $.80 range by weeks end. I hope I'm wrong but I hold this stock only for the news. Anybody thinking goog is going to pay a billion in this lifetime is delusional. That's not how big business, nor the courts, work. Jmho.
4 new contracts today. How long does this keep flying under the radar? The $1.40s were a steal. $1.60 now looks cheap!
That said, this is still a penny stock and its wide open to manipulation. Day traders will be pouring in today. MM will control the price afterwards till this stabilizes in the $1.60-1.80 range.
JMHO
Over $ 2.00 in a week
They now have task orders with 25% of Gov't agencies. The Gov't is like lemming, they go the easiest route to accomplish their mission. A blanket PA is a blank check for them to execute funds. More to follow. Bank on it!
24 million task order. Told ya this would happen. It's crunch time for Gov't agencies to spend their allocated funds. That puts their earning at $38M for the Q; so far. This prediction was like shooting fish in a barrel.
The CEO buying 30K shares, and owning a whooping 50K of his own penny stock is a joke. Have you seen his annual salary? I'd be much more impressed if he purchased 300k or 3M on the open market.
I'll take 50% returns in 3 days everyday of the week! The en banc news was expected. Buy the rumor, sell the news.
That's $7.2 M in the bank already for the 3rd Q
Nice find maja, I expect to see more of them over the next 6 weeks.
Very nice volume in the 1st 45 minutes. Day traders are piling in currently but an 11% increase in the first hour is going to draw the attention of smart money. After they complete their due diligence, I expect an increase in long term investors.
I also suspect some shorts are covering but as sure as the sun rises in the east, they'll be back very soon. The good news is there is a very small % of the float that is sold short so a surge by the longs will overwhelm them and they bail.
All good signs for long term investors.
Yes, I generally forecast on the conservative side but I was only talking about what I consider to be money in the bank for WYY via their Gov't contracts.
The acquisitions introduction of WYY to overseas markets, and the attractions of customers interested in CoD applications are in their infancy and I don't think much revenue will be realized from those business strategies over the next 2 or 3 quarters. Long term? Yes, but it's going to take some time before money flows in from those components of their business model.
The Gov't contracts are their lifeblood until the other markets develop in my opinion. However, I think the market is discounting the potential surge I expect to see from the reasons I previously posted.
I predict a very strong 3rd Q. The reason being is that the Gov't executes most of their funds in the 3rd & 4th quarter of the fiscal year. They also get "plus up" funds from their business line that they need to obligate or execute before Oct 1. If they don't spend the funds, it goes back to the treasury.
For this reason, I strongly suspect WYY will receive many more task orders from the 3 Gov't agencies in their 3rd Q, which is the Gov't 4th Q. I see each and every year.
Considering FY13 was a belt tightening year for all Gov't agencies because congress couldn't pass a budget and the sequestration BS for Gov't employees, the funds are flowing this FY because all agencies are behind in their programs and funds, while not as much as previous years, are being pumped back to all agencies to bring their programs back up to par.
How do I know this you may ask? I work for one of those federal agencies For the past 17 years and I can tell you first hand we are being asked to obligate and execute FY14 funds before the Sept 1 deadline. Contracts normally can't be processed in the last 30 days of the Gov't FY but WYY already has the contracts in place so all they need to do is have the contracting officer issue task orders to ensure they spend all their funds before they expire on Oct 1.
You heard it here first. WYY will turn a profit in their 3rd Q because of the above reasons. I calculate they'll earn 4 cents a share which will blow away estimates.
No matter what happens tonight, or over the next few weeks, there is no way I'm selling any shares. This is a sure bet of a double or triple from current levels over the next 18 to 24 months!
Looks like this baby is heading for a breakout. Very nice volume. If it clears $1.80, next resistance is $1.92. After that, blue sky. Wouldn't surprise me to see it clear $2.00 in the next 2 weeks
PI, I generally like your posts but that makes no sense. If shorts were covering, the price would be going up, not falling like a stone. I agree this is a good opportunity for shorts to cover but somebody is selling big time. I believe the shorts pilled in but if the share price recovers, it's just day trading shorts in here right now.
The market apparently doesn't like this news. Down .11 in 15 minutes. Maybe they don't like the fact V exercised the warrants at such a low price. I just don't get it, V added 10 M to their coffers, increased the strike price on the new warrants, and there's no dilution risk. What's causing the fall? Short attack? Seems to be the only logical answer.
Highly doubt that. News doesn't leak from court rooms. The MMs are letting it run after accumulating in the $3.10 range.
Interesting website. How do they determine if the trade is long or short? Outside of naked shorting, every trade has a buyer and a seller.
Sorry, I meant $2.97
Vrng is dead money for the next 4 weeks absence news. Good accumulation point currently. Buys in at $2.87
Nice volume. Big blocks going thru. Some have to be shorts taking their profits or throwing in the towel IMO.
Somebody is playing this like a fine tuned fiddle!
May 8: VRNG reports earnings and the stock starts tanking. Heavy volume and "somebody" starts shorting the hell out of it. No real reason to have the pps drop 25% on no news and the earnings were to be expected. Shorts start piling in and the snowball starts rolling downhill.
May 15: stock bottoms out. Hits 2.91 a share. CEO buys 10K at $2.96 on same day.
May 20: MGM latch ruling is revealed. "Somebody" covers 1.15 million shares in after hours trading. I'll bet dollars to donuts he sold shares to himself. Shorted (sold) in the low 4/upper 3 range, bought 1.2 M in a different account when it dipped below 3, and then covered (bought his own shares he just purchased a few days earlier) in after hour at the agreed price of $3.06. Made a million + on the short trade on about $100K on the long trade. Very "coincidental" the shares were covered the same day the MGM latch ruling was revealed. Hmmmm
May 22: As expected, based on the May 20 ruling, VRNG management files the latch reversal letter. Stock pops.
This is too many coincidences to be accidental. Somebody is in the know on what's going on behind the scenes! Watch for other short covering today in large blocks.
Yes, 1.15 million block traded at 16:19. A 21K block traded at the same price 5 minutes earlier. Has to be institutional
Bravo postyle. I couldn't agree more. The play here definitely favors the longs but any pie-in-the-sky multiple above 2 is purely a dreamer's fantasy. At least with the current assets on hand and the obvious attention VRNG is receiving these days. Long, long term...who knows. Totally depends on future growth of its assets.
I've lurking for the past two weeks on this board. There are some sensible people here who understand the dynamics and psychology of the market. As tobin said earlier, there is definitely accumulation by the pros at current levels. The yearly chart tells all. I particularly like that the MACD and ROC are rising steadily but not spiking like they did in the Oct 2012 surge and short party that followed.