Velti Plc (VELTF)

[rifmemory]

Well, I actually had a sell order at 3.94 right at the end of the day and was somewhat dissapointed that I just missed it (I was not on-line when it went above that a little earlier in the day). My trading account is pretty straight forward so I don't short and no option stuff, so I deal with "funds available for trading" and "restricted funds" and "settlement dates" and such.

My take is this will rise a little into the 4's also, but we need to NOT be hogs and get slaughtered by greed. Like you I believe some profit in the hand (leaving a little money on the table perhaps) is better than holding out for more and end up giving back what we achieved. With stocks there are a lot of fish in the sea so as far as trading goes sticking to our personal trading style without becoming attached to one stock is best.

I often think that if a stock drops 30% in just a couple of days (without a major bad event in the company) that it will get a third of that back [but no more] within the next 3 to 4 days.
5.79(high on Jan 30) minus 3.61(low on Feb 1) equals 2.18.
2.18 divided by 3 equals .72.
3.61 plus .72 equals 4.33.
Since the spread between high and low here was almost 38% we might not see more than 4.20ish however.

If it shoots right up there then cash out for sure, if it meanders at just over or just under 4 for a while on Monday morning I cash out too. If it looks like it is giving back the gains during the first few minutes I will will probably bail also. A slow steading rise on Monday is where I would probably watch patiently. Sounds like I am inclined to exit this trade sometime Monday no matter what doesn't it? We will see.