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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Jim P. who wrote (5700)	4/27/2013 11:20:44 AM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Hi Jim, VELT is by no means one of the safest plays out there. From where the stock crumbled in teenage wasteland to where it is now has been a disaster. The accounts receivable on the books are where a lot of the problems are as the market doesn't think that they will be able to monetize them along with promises to pay other obligations. It was just a highly speculative play that cut my fingers on catching that falling knife and am now looking to put the trade in rescue mode. Company still has a large footprint in their field and may be able to pull themselves back from the brink, but who knows. Not all trades are winners and will see where this one goes over the next few months. I do like picking up on the unloved and unfollowed where I can see some potential, but its an educated guessing game at best to see if your thinking matches the markets in some future point in time where you can get your payoff. Good Trading dealmakr