Seeking Alpha Pro article out over the weekend by a longtime Looksmart bull continues to take a very bullish tone, but does the math and puts the value of looksmart between $1.30 and $1.60, a good 20-30% below current trading levels.
I was with them four years, bought the deals and wrote many reviews. Had to cancel my Angie subscription as soon as I heard about the CEO's comments. What a moron. I am shocked that it took almost two full weeks after such a foolish move for him to "step down". But that is still not enough. If he would have been fired publicly, I would re-up my subscription. But it looks like the company still agrees with his warped morality because he "chose to step down". I won't be using Angie's List until they publicly distance themselves from the ex-CEO's stance.
Someone posted on here Friday that STVI - Snap Interactive is the target of Inuvo's acquisition hunt - about the time INUV started falling on Friday STVI bumped up by 20% and the volume was more than double what is normal for STVI. They have some good apps, developers and a very cheap stock, total company value only about $9m right now, pretty cheap takedown for Inuvo.
When Inuvo was at $1.80 range you posted here that you were shorting it. Its up over 15% since you said that and its only been a week. I wonder which will cause you to get the Reg T first - will it be Remark or Inuvo? Keep shorting those GrooveVC stocks James.
The REPORTED short interest was 225,000. It will be higher next report because they have been pushing it lower and the REAL short interest including naked short positions might be 2-3x larger. This tiny float here is wound up very tight, like a coiled spring.
True, but the fact that there was 6381 shares traded after the market closed on a Friday is a big deal and the biggest block was 1500 shares at $10.10.
The short squeeze article that came out this afternoon makes some good points. If KanKan is released next week, these guys will be toast.
Sentiment: Strong Buy