LOCM

[kslifka]

Nice after hours activity and outside of negative or positive news LOCM will go higher.  Yes I'm pissed I sold Friday too early...I believe it should at leat hit $12.50 by Friday...even if it goes down a little tomorrow.  Speculation will drive LOCM higher.  It's only a $85 million market cap.

$15 is the target next week...then possibly entering the gap.

[WallStreetnBio]

The bottom line is the float is only 8 million shares and we have traded the float several times in the past couple of days.  Eventually this game of musical chairs will stop and people will keep there shares until a buyout.  A buyout will be $15 plus should happen soon. 

[godofstock]

i got in a bad price and i can't even move now.......

hurt too damn hard.........

looking at level 2 makes me sick now...........

[WallStreetnBio]

i got in a bad price and i can't even move now.......

hurt too damn hard.........

looking at level 2 makes me sick now...........

be patient. its going to take a couple of days to consolidate before it runs again.

[WallStreetnBio]

LOCM Thesis 7/3/07

       The float is only 8 million shares and we have traded the float several times in the past couple of days.  Eventually this game of musical chairs will stop and people will keep there shares until a buyout.  Once the shares are in strong hands look out.  We will see huge percentage moves since it is such a small float.  A buyout will be $15 plus and should happen soon. 

       LOCM has the search patents that other companies are already using.  Now that they have these patents LOCM can sue other companies or charge them royalty fees for using their patents.  This could bring millions in revenue.  Analyst suspect LOCM could bring in 100 million plus a year in royalty fees from the new patents.  This should make it a 300-500 million take over target which would make the takeover price $33-$55.  Even if it only brought 200 million market cap that's $22 a share.
 
       If you compare similar search engines they all have market caps well over 200 million so a $22 a share take over is a conservative estimate.  Look at Google for example; they used to have a small market cap.  Imagine if LOCM was the next Google with a 164 billion market cap.  If LOCM ever grew to a 164 billion market cap the price of the stock would be $18,200 a share.  I know I'm stretching this but it is nice to imagine.  You can see the potential here though.

       Rather than major competitors face court litigation which could cost millions a Yahoo or Google could buy LOCM without even blinking an eye.  LOCM already has weekly buyout offers but apparently none of them have been good enough for the board's approval.  With the new patents the offers should be much juicier.  LOCM already has ties with Google in the UK so it only makes sense for Google to acquire LOCM or buy them out.

       I suspect LOCM will go through a consolidation phase and remain flat for a couple of days.  I still believe LOCM is a triple at these prices.  This is a triple that could happen in less than six months!  I hope it happens later rather than sooner because every paycheck I get is going into LOCM until the buyout happens.  I need sometime to load up more.  Set your homepages to local.com to support the company.

[WallStreetnBio]

Local.com says Hearst Communications has 22.4 pct stake in company
Tue Jul 3, 2007 1:30PM EDT

July 3 (Reuters) - Local.com (LCOM.O: Quote, Profile, Research) said in a regulatory filing that Hearst Communications Inc. has a 22.4 percent stake in the company as of June 23.

In an April 6 filing with the U.S. Securities and Exchange Commission, the U.S.-based Web search services provider had reported that Hearst had a 13.8 percent stake in the company, as of March 29. (Reporting by Shailesh Kuber in Bangalore)


This news means the float has 8.6% less shares. This brings the float from 8.15 million shares to 7.45 million shares. Less supply = higher prices...econ 101 

Now ask yourself why Hearst Media increased there stake? Is it because they plan on selling the company for a higher price? I think so. They know something we don't.

[godofstock]

Local.com says Hearst Communications has 22.4 pct stake in company

a big company like heart buying a 22% stake in LOCM makes me feel much better now. 
At least someone is buying part of the company and I think I will go buy more shares  to average down on Thursday........

[godofstock]

i hope this is not like one of those OPBL.ob shit...... otherwise I'm screw big time .............. I almost bought into OPBL.ob last time...........lucky i didn't.....

[kslifka]

i hope this is not like one of those OPBL.ob shit...... otherwise I'm screw big time .............. I almost bought into OPBL.ob last time...........lucky i didn't.....

Why would you even think that??
LOCM technically and functionally has no similarity to OPBL.ob. 

LOCM finished above the 38.2% fib retracement.  Even though it did go below during the trading day.  I will be ready to buy alot more Thursday morning, if I see a sudden drop then bounce off the 50% fib retracement at $7.80.

[godofstock]

its running.........let make new high today.........

[TraderStar]

So glad I noticed this thread this morning ..    I got into LOCM on its pb around 9.40 .. just hit 12.10!  Just a few shares, but better than nothing. 
Now what??

[godofstock]

NEW HIGH HIT TODAY........

I am still holding........

[godofstock]

the way it running this could hit 14.5-15 by tomorrow.......... (IMO).....

[kslifka]

Well I had a limit sell today at $12.99 which it hit near the close.  I will look to re-enter tomorrow if we get a pull-back.

[setravis]

Quite the sell-off/shake-out...shall we say price drop at the end of the day.


Ended up with a black candle...but price did finish above the 38.2% fib retracement level.

I surely don't believe LOCM is done....unless bad news hits...I guess.

Kslifka, I don't think it is finished myself just as you.
The black candle, traders taking profits on the big jump up.......
Sweet, Margin sells off and major profit taking leave ample opportunity. Buy...
I see a solid traction to $20.00
Vista deal gaining traction and supported by Hewlett Packard. New financing with potential access to 30 news papers classified/ad sections... Solid support from here !!!

Kslifka...from me another well deserved Applaud for this stock pick.......

Nice looking move today, good action.
Earnings have been up the last 3 Quarters.

52wk Range: 3.05 - 11.89
Volume: 15,009,081
Avg Vol (3m): 688,311

Technicals
Most Actives
Percentage Gainer
Price Gainer

Last Price Quote is:
129.34%above 13-day MA
174.98%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $64.39 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: 08/09/2007
Last Analyst Rating: Buy


CORRECTED - CORRECTED-Hearst Communications reports 22.4 pct stake in Local.
Hearst Communications Inc. disclosed a 22.4 percent stake in Local.com, in a regulatory filing on July 3.

The company said it owned about 2.7 million shares, which included ownership of about 1.5 million convertible notes, Series A warrant to buy 597,105 shares and Series B warrant to buy another 597,105 shares.

The filing reflects new warrants which were revised after cancellation on March 29 to include, but not limited to, changes in exercise period.

In a previous filing on April 6, Hearst Communications showed a 13.8 percent stake in Local.com, as the underlying shares under the warrants were not included in the calculation of ownership.

Earlier in a March filing, Hearst had reported a stake of 22 percent in Local.com, based on the old warrants. (Reporting by Shailesh Kuber in Bangalore)