New High: Price and Volume on LUXR

There’s no way you can tell me this is not a great chart. It looks perfect, and looks like higher levels are in store. My short term price target of $1, and longer term price target of $3 looks like it’s a distinct possibility- the $1 short term price target appears to be a fait accompli with Friday’s breakout.

And, speaking of the $1 price target, let’s take a quick look at the chart. In the last hour of trading on Friday, the stock broke out on big volume.

Here’s what happened this past week. On Monday, LUXR traded 168,000 shares. Tuesday- 165,000; Wednesday-254,000, Thursday- 259,000, and Friday- get ready- 580,000 shares.

Perhaps more importantly, the $.80 level had acted as a ceiling for the stock. In the last hour of trading on Friday, the stock broke through to the $.90 level. suggesting the market had eaten through the $.80 resistance level, and was finally ready to go higher.

$1 in short order- perhaps even Monday. You might not have believed my hypothesis this stock was indeed 50% undervalued based on registered users. It would appear the market is buying into that hypothesis.

If you don’t own this stock yet you’ve only missed the first 11% move- in the first two days. More to come likely.

If you want a little better understanding of their model and you want to meet the Chairman, I suggest you tune into the BigBizShow on Monday at 12:30 Eastern, 9:30 Pacific.

Instructions above.

As many of you know, I’m the co host of the show every Monday from 12PM to 2PM eastern. The show finds its way onto hundreds of AM radio stations into into about 30 million cable homes throughout the course of the day.

Amir Mireskandari, Chairman of Luxeyard (OTC BB: LUXE), will be interviewed live on the show by Sully and myself. He’ll be discussing the future of retail in general, and discussing some specifics of the Luxeyard business model.

11% in the bag. More to come.

Vringo (AMEX: VRNG) Finds High Profile Sponsorship

It’s likely VRNG - one of my current favorites, will surge Monday. Late in the day it was reported Mark Cuban, owner of the Dallas Mavericks NBA team and well known technology investor, has taken a 7% passive stake in VRNG.

Watch for a surge on Monday on the heels of that news.

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A reminder: Catch me live on TV every Monday from 12 to 2PM eastern.

Simply go to www.bigbizshow.com, and click on the “Watch Us Live” button. I’m the guest host on the show every Monday.

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