Replies to post #9986 on Veltex Corporation (VLXC)

[george8]

G&V:

VLXC's advances in the last few days have been very elaborate. It seems like some big buyers are determined to take it to "somewhere" up there.

My original target call for immediate top at $2.2-$2.3 which is achieved today.

It is possible that VLXC will attempt at another round of $0.75 advance without too much pause. If this is the case, then the next target is $2.95 ($2.2+$0.75).


Calculation of overhead supplies are complicated. I'm not sure how to do it for VLXC's case. I just eye ball the chart, I think VLXC should run into trouble pretty soon (just pauses which are good) unless volume keeps up in the 250K and higher for a while.

Watch out for sign of retrace or reversal.

George