The only buyout coming is when Issac comes to buy your foreclosed house.....with the money that was previously yours. ...how ironic.
Yes, you read that right....the stock price spikes up because investors are SELLING.
Do you ever wonder who is buying this horrible stock when you see spikes up with no news? (or even with news that makes absolutely no sense to any sane person?)
Well, the answer could be.......nobody.
Then why does it spike up?
As investors see this train wreck and sell their shares the price obviously goes down. However, this has a ripple effect. As those shares get sold, the shorts borrowing those shares don't have them to borrow anymore. So, they get buy-in notices from their broker. ...because nobody else was dumb enough to buy LIVE either. So even though the stock has been below $5 for awhile, there are often times no shares to borrow. The shares you are borrowing are suddenly gone as they have been SOLD.
As the shorts are then forced to cover, the price spikes up briefly for no reason. ...and at least 2 times that I have seen recently, LiveDeal seems to have timed their nonsensical articles to be released based on this mechanism. So it appears as if their news spiked the stock when it actually really didn't.
Isn't it nice to see spikes in the share price for no other reason than forced buying? ...because everyone is actually selling? Without real buyers, the share price is destined to go down. It's just the eventually reality of math.
What would happen if the share price ever reached $5 again? Anyone who was short and was forced to sell because the shortage of shares to borrow against would #$%$ up any available short opportunity. The share price is destined to crash down to nothing and everyone knows it. This is why you would immediately see posts saying, "There are no more shares available to short."
If everyone knows the stock is going to crash down to nothing, then who is buying? Ironically, it's the shorts...because the longs are long gone.
Did we get the press release stating the % rise in Cease and Desist letters?
There seems to be a lot less ads now.
It just keeps going down.
FSNews: The Supreme Court ruling today in the case of ABC vs Aereo could have negative effects for food deal company LiveDeal. The courts ruled that Aereo was in violation of copyright laws regarding their retransmission of public content that was already available for free using an antenna. Aereo was capturing the free content and storing it on DVR's in a data center. Customers could then access the content using different devices such as computers and smart phones.
Although there are obvious implications for other video content providers, this ruling could also have disastrous effects on other companies that you might not have otherwise imagined. Take in point a small startup food deal company call LiveDeal. LiveDeal is known to use ad data that is accessible for free on other websites. They then group them together on their own website. However, the Supreme Court has just ruled that the retransmission of existing material, even if freely and publicly available, constitutes additional performances of that material. In other words, the original content maintains its copyrights and additional copies violate the copyright. The Copyright Act of 1976 gives a copyright owner the "exclusive right" to "perform the copyrighted work publicly." 17 U.S.C. 106(4) The Act's Transmit Clause defines that exclusive right to include the right to “transmit or otherwise communicate a performance. . . of the [copyrighted] work . . . to the public, by means of any device or process, whether the members of the public capable of receiving the performance . . . receive it in the same place or in separate places and at the same time or at different times.”
So much like Aereo, a service like LiveDeal should also not be legally allowed to take copyrighted material from other internet sites and make them available at a separate location via their own website. The Supreme Court ruling will have wide stretching implications for the internet but it could be lights off for LiveDeal.
I told him to get a job.
He told me that he used to have a really nice job and made tons of money. Then he told me his story about how he took all that money and invested it in a sure thing called LIVE.
We all know how this story ends....
The same way it began....
...I saw a homeless man on the street begging me for some change.
They are so obviously based on embarrassing numbers....or else they would post the actual numbers.
The pop this morning was lower than even the short pop on Friday that happened with no news at all.
So far the price has been heading back south all morning.
This could be the end of LIVE.
I know I didn't hear anything.
"With our new iphone app available worldwide, we figured the best way to stop the killing in the Middle East was to give those people deals that we scraped off the internet from other deal sites. Now an angry terrorist heading to Baghdad can first quickly stop and claim a voucher for a $9.99 Burrito at Taco World in San Diego...even though Taco World closed almost 2 years ago. But to be fair our Indian deal scrapers can't read English that well...and the picture is obviously from a Taco Bell in Detroit that was posted on TripAdvisor. ...eh...anyway, my main point is that SMMG will polish up my quote and make it into an article that LiveDeal is hoping will pump up the share price in a couple weeks or months...eh...or hopefully some time before I am either in Jail or sitting on a secret beach sipping a Margarita. (No voucher needed, when I'm using your money.)" -JI
Do the math.
I was almost afraid to post this......because some idiot long might actually see it as a legitimate reason to buy.
There are tons of shorts out there that would LOVE the price to go back up to $5. They are all ready for another reloading of short sells.
$5 is your goal because of the avalanche of sellers at that price point. There will be a seller for every share available to borrow at that price.
Talk about a bum deal. Why buy out LIVE for even $1 a share when the consensus is that this stock will settle at around $0.66?
The ONLY worth this stock has is that it is currently trading on the NASDAQ. ....and isn't that the only worth this stock has ALWAYS had? (yellow pages?)