Boston, MA 01/27/2014 (wallstreetpr) – LiveDeal Inc (NASDAQ:LIVE) continues its dream run ever since the stock bottomed out in December’13 at $3.43. Since then the stock had only one down day and it has made investors rich by whopping 573%. Currently looking at LiveDeal Inc (NASDAQ:LIVE) tells us that the rally in stock would continue as there is heavy price volume action which is seen. However for a trader or investor it is advisable to keep trailing in order to safeguard profits.
In another major development, the Board of Directors of LiveDeal Inc (NASDAQ:LIVE) approved for a stock split in which an investor would receive three shares for every one share held, The with affect date for the stock split of LiveDeal’s would be seen on NASDAQ on the opening of trading on February 12, 2014. This stock split would provide ample opportunity to many other small investors who would like to be part of the success story of this company.
As per the prediction from eMarketer, it is expected that more and more companies would start investing on mobile advertising in the U.S. and the market for it is expected to reach $21 billion by 2016. It is believed that LiveDeal Inc (NASDAQ:LIVE) would benefit from this as more and more businesses start optimizing their websites for mobiles and start to spend more on mobile advertising which looks to be the future in years to come. Another encouraging fact is that top IT companies like Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) have realized that the potential for mobile market is huge as more and more youngsters usually spend more time on mobile for searching information.