Did You Grab A 32% Profit on LIVE?
Every now and then I make a great call. Nice to have an August win for any of you who might have been paying attention.
I've been observing the short lived but meteoric break outs on my two NASDAQ listed ideas- Staffing 360 (STAF), and Live Ventures (LIVE).
Here's my comment from the aforementioned edition:
Over the past 3 days LIVE has been in the midst of one of those short term, high volume break outs.
As you can see from the chart, it's been a nice ride this week- until the standard pullback yesterday.
The stock was around the $1.70 level only 4 trading days ago. Volume materialized for no reason I can figure out, and it started to move north.
I you had decided to pick up some LIVE in the $1.70 range as I suggested, and filed a GTC order at $2.25, you likely would have been taken out yesterday as the stock traded to a high of $2.26. Net return- 32% since late July.
This is a pattern that continues to repeat itself.
Next mover- STAF. I don't know when, but sooner or later it will break out for a day or two on high volume, and then head back down. If I were to pick it up today at the closing price of $1.37, I filed a GTC limit order to sell at $2.25 as well.
Viva Entertainment (OTTV) Announces its Arrival
Keep a careful eye on new idea Viva Entertainment (OTTV). This company is much father along in the development of its "Over The Top" Entertainment platform than either investors or the market understand.
Yesterday, OTTV issued a press release explaining the symbol they received related them to the "Over The Top" industry- which refers to the new generation of content providers like Netflex, Hulu, and the like. Click Here to read the entirety of the release.
The stock has traded on a range of $.06 to $.12 since I first published on it earlier this week. This idea is just getting started, and I'm looking for contracts and users to really push the price sometime over the coming weeks and months.
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MarketByte LLC has paid a fee of $10,000 and 200,000 newly issued restricted shares by Viva Entertainment for coverage of the company. MarketByte LLC has been paid a fee of 10,000 newly issued restricted shares for coverage of Staffing 360. The aforementioned shares have become free trading under Rulle 144. An additional 17,500 newly issued restricted shares and $2500 in cash has been paid for extension of coverage. MarketByte LLC was paid a fee of $10,000 by Live Ventures. The obligation to cover Live Ventures has expired. Coverage is provided voluntarily. MarketByte LLC owns no shares of LIVE at present.
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