Good morning members, Our new feature profile has some similarities to our last winner. Currently nearing a triple bottom chart, small float, recently announced increasing revenues and has a fairly large short position. Viggle, Inc. (NASDAQ: VGGL) $1.58/share Some of you may recall a national television campaign Viggle ran earlier this year. This security has a solid history of running up in a hurry. This timing may constitute a perfect storm being that the company has great news out and yet the securities are heavily shorted all while reaching a triple bottom in the chart. Viggle’s recent news and coverage by Jim Cramer’s Thestreet.com really paint’s the picture here. The Street recent article: http://www.thestreet.com/story/13229081/1/one-factor-bringing-viggle-vggl-stock-up.html?puc=yahoo&cm_ven=YAHOO Recent news indicates a 40% increase in revenues: http://finance.yahoo.com/news/over-9-5-million-registered-120000131.html Recent Institutional investment at $2.05/share and Public offering at $2.50/share. Viggle sells $4.2M worth of stock to a single institutional investor at $2.05/share: http://finance.yahoo.com/news/viggle-announces-closing-4-2-200100538.html Viggle obtains financing through public offering at $2.50/share, May 28th, 2015: http://finance.yahoo.com/news/viggle-announces-closing-public-offering-163000212.html Need we say more? Probably not, but we will. Stay tuned for an updated report as our coverage of Viggle, Inc. lasts all week. The Team |
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