Posted by: ctraderd | March 24, 2013

Watchlist- Week of 3/25/13 $DXJ $VELT

Last week, the Dow Jones Industrial Average wen relatively sideways losing only –2.08 for –.01%, the S&P 500 gained +11.46 for +.74%, and QQQ shares closed Fridays trading session at $68.59, gaining +.72 for +1.06%. Last week I only made one trade and that was when I opened up a long position of 1,000 VELT shares at $2.08. I then added 500 more shares at $1.96, so currently my average on VELT is $2.04. Before making any decisions based on this article, read my disclaimer and do your own research!! 

1.) WisdomTree Japan Hedged Equity (DXJ)

Last week, DXJ gained +.54 for +1.26%. I am currently up +$723 for +19.9% in a little over 3 months of holding. This trade has worked out perfectly so far and is still my #1 Pick for 2013. I will continue to look for opportunities to buy and sell options on DXJ so I can grab some profits while I’m letting the stock sit until my 25% trailing stop enacts, or I make 100%.

2.) Velti, PLC (VELT)

Last week, VELT lost –.07 for –3.45%. Let’s start by giving some background on this one.

“Velti plc engages in the provision of mobile marketing and advertising technology and solutions for brands, advertising agencies, mobile operators, and media companies in Europe, the Americas, Asia, and Africa. Its Velti mGage platform allows its customers to use mobile and traditional media, such as television, print, radio, and outdoor advertising to plan, execute, monitor, and measure mobile marketing and advertising campaigns that reach consumers through mobile Internet applications. The company’s products include Velti mGage Visualize that offers the ability to track the performance of mobile, traditional, and Internet-based media campaigns; Velti mGage Reach, which manages advertising inventories and media buys for advertisers and publishers; Velti mGage Create that enables the design and development of mobile Websites, mobile portals, rich media creation, landing pages, and micro-sites through a drag and drop graphical user interface; and Velti mGage Interact, which provides customer relationship management functionality to enable brands and advertising agencies to build engagement with its customers. It also offers Velti Play that enables brands, broadcasters, and mobile operators to extend tried and tested mass-participation concepts to social media and mobile apps; and Velti mGage Measure, which offers end-to-end tracking and reporting of consumer behavior and engagement in media platforms, including traditional, online, and mobile. The company was founded in 2000 and is headquartered in Dublin, the Republic of Ireland” (http://finviz.com/quote.ashx?t=VELT).

The reason why I bought this one is because it’s close to it’s 52-week low and I think that it will bounce off of the level ($1.85). Also, I bought because VELT has a habit of releasing good news out of the blue that send the stock up 25-30% all of a sudden when a new 52-week low is hit. Hopefully that will happen in this case. I am looking to hold this stock for 2 weeks, or 10%+, whichever comes first.

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