Analyst Tells CNBC LiveDeal, Inc. Among Most Shorted NASDAQ Stocks While Another Buys Citing Extremely Oversold

Analyst Tells CNBC LiveDeal, Inc. Among Most Shorted NASDAQ Stocks While 
Another Buys Citing Extremely Oversold 
NEW YORK, NY -- (Marketwired) -- 04/17/14 --  LiveDeal (NASDAQ: LIVE)
is among the most shorted stocks on the Nasdaq and as the short
interest continues to rise, it certainly explains the company's
strong slide from a high of $11.94 on February 14, 2014, to its
current price of $4.37. LiveDeal, which operates www.livedeal.com, a
unique real-time "deal engine" in the restaurant industry in New York
City, Los Angeles, San Francisco and San Diego, has seen its stock
price plummet on over 16 percent short interest of shares
outstanding.  
Simon Colvin, a research analyst, told CNBC that LiveDeal, Synaptics,
Inc. and Plug Power, Inc. were currently topping the list as the most
heavily shorted tech companies on the wider Nasdaq Composite index.
But, making this list is confusing given LiveDeal just announced it's
expecting higher revenues from Q1 over the previous quarter and
appears to be heading in the right direction. 
LiveDeal has been consistently showing growth among new users,
increased online and mobile user traffic, higher voucher redemption,
the addition of new major cities, the launch of its new Android app,
and more restaurant participation on its platform. So, with all of
these positives, LiveDeal is just one big announcement away from
creating quite a stir among those who are short this stock.  
Meanwhile, after Wednesday's closing bell, Richard Gobel, owner and
operator of Strategic Stock Trades with more than 30 years in the
investment business, said in his TheStreet.com article that he added
a new position with a buy in LiveDeal at the end of trading. "I may
be a day or two early, but it is extremely oversold and I will add
Thursday on red if necessary." 
Currently LiveDeal is curating promotions in the restaurant industry,
but the company's platform is certainly ideal to enter into a number
of different verticals; including, the travel and hospitality
industry, and the retail space.  
Also, CEO Jon Isaac recently announced a strategic partnership with
www.Menu1.com which will utilize its sales force of more than 120 and
growing to drive higher restaurant participation in the 4 cities
where LiveDeal has launched, and additional cities around the country
as Isaac has stated he expects to move into the top 20 major cities
in the US. 
About Stock Market Media Group
 SMMG is a Research and Content
Development IR firm that offers a platform for corporate stories to
unfold in the media with Reports, Interviews and Articles. This
article is SMMG's opinion and was written based upon publicly
available information. LiveDeal hasn't endorsed or compensated SMMG
for this article. SMMG is compensated for LiveDeal content by a third
party who reserves the right to buy, sell or remain neutral on
securities at any time before, during, or after the publication of
this article. To date, SMMG has received total compensation of
$40,780 for LiveDeal content. For information visit:
www.stockmarketmediagroup.com. 
Contact:
Stock Market Media Group
info@stockmarketmediagroup.com 
 
 
Press spacebar to pause and continue. Press esc to stop.