Veltex Corporation (VLXC)

[GratziPrego]

We agree that the price might pull back, as the Volume, interestingly enough, was a little over 300K again (like last Friday). Obviously, whoever is buying is doing so at a Limit Price and/or Limit of Amount of Shares.

We cannot take this Stock seriously, unless the Volume is Consistently Much Higher on a regular basis (500K-1Million Shares). If it's only Once a Week that the Volume reaches just a little over 300K shares and price doesn't go much higher, then the pattern will just continue with not much to look forward to.

Even if the Price just sticks around 0.05 to 0.06 Ask Price, that's not gonna do much for us either. IF the Price goes to around 0.10 on the Bid side, THEN that would be a Good Sign.

Just speculating, but, probably what happened was, a long time investor in Veltex made profits elsewhere in the Market and decided to invest some of his profits in Veltex in order to "Average Down" on the Price of his Veltex Shares. He is buying at a Limit Price, and was successful once last week, and once this week so far. So, most likely, when this investor is done "Averaging Down", the Stock Price will FALL BACK DOWN.