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betasplen1

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betasplen1

Re: None

Tuesday, 10/15/2013 3:45:03 PM

Tuesday, October 15, 2013 3:45:03 PM

Post# of 751
Looks like this could be the reason.

http://www.adexchanger.com/mobile/mobclix-co-founder-krishna-subramanian-quits-velti/

This was expected news since Mobclix will be sold (or a deal is in place). At least we have a reason for today's action. I can't see why it's a big deal at all. If Ross or Baker left, I would sell. But a CMO who was not even mentioned under senior leadership in Velti's website? Again, I think the main reason was stop loss orders being triggered below 33 cents this morning. From the volume, it looks like some retail investors were dumped. Perhaps the last of the mohicans hanging around since the Aug 21 purge.
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