Vertro (Nasdaq: VTRO) is a small company that appears to be benefiting from a nascent "buy the stock / use the service" movement, much like the message board-driven movement that began with Travelzoo shareholders in 2004. The similarities between Travelzoo in March of 2004 and Vertro in October of 2010 are striking:
There is a very good article on VTRO on seeking alpha, click here to read the analysis
My take on VTRO - I have been having this stock on my watchlist for the last few days but I did not pay much attention thinking that it was just a "toolbar" stock and why should I buy when there are better players like Yahoo and Google but after reading the article I thought it is worth adding to portfolio. The stock gapped up this morning after the above article was posted on seeking alpha and hit $6 but I did not chase it but rather waited for a pull back. It dropped to $5 but I was away from my computer that time. I saw some frenzy buying during the close and add a small quantity at $5.50. This will surely be a good stock for momentum players. Also it is going to release its 3Q earnings on 11/04 so I hope you all will make use of the trend. The article has some interesting facts and obviously some pumping also so use your judgment before taking any action.
Other stocks -
- GAGA's website
- Closed GS $160 puts between $1.60 and $1.70 for a 52% profit margin! Isn't sweet to make that much in a few hours? I bought them at $1.10 as disclosed in my previous blog.
- Bought December GS $18 2010 170.0 Call again at $2.60 after I closed the puts. I hope market rallies tomorrow otherwise I will manage the contracts accordingly.
- Added some more MTSL at $2. I still do not think it's over yet.