News Details – Smallcapnetwork
LUXR Builds Momentum on Positive Updates
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February 2, 2024

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PDT

Good Tuesday to you. Our stance on the major markets isn't changing quite yet. We still believe the markets have a ways to go before we're going to jump up and scream rally. For now, we'll stick with our short-term trading theme of fading the rallies with index put options and closing them out on the move lower. It's been working quite well and sometimes boring is good. With that being said, I wouldn't be surprise at all again to see a short-term snap back into the close or over the next couple of days to position us for another opportunity to scalp some short-term profits. Although the major indexes have been struggling, there have been some very nice moves of late in the small cap space that have yielded us some excellent returns if you've been following along. Just because the rest of the market has been out of favor, don't think for one second that if you're in the right stock that there isn't some enormous upside returns to be had. We've said many times if you can catch the right small stock bucking the bigger market trend, the moves can be explosive. What typically happens is when the markets are out of favor, traders start hunting for ideas that are moving contrary to the markets because there just aren't as many out there, and since everyone's screens are red, even more traders start gravitating to the few that are green. This has been no exception for LuxeYard of late. Shares of LUXR have been the happy recipient of some very positive interest. LUXR Growing at Record Pace For those of you who jumped into LUXR when we brought you the idea only twelve days ago, you're being handsomely rewarded today with a nice 65% return as I type. Congrats! The stock has broken out today and is creating a new high. The Company appears to be garnering an awful lot of positive attention from investors in the micro-cap space with a few key announcements over the last few days. For those of you who are new to our site and not familiar with LUXR, the Company is a members-only flash sale's site for luxury home furnishings, decor and fashion that offers access to unique products sourced by a seasoned team of buyers at a fraction of retail prices. LuxeYard is the pioneer of Concierge Buying, which gives members the power to determine what items, will be sold on the site, and Group Buy which allows them to lower the price by sharing sale items with friends. We initiated coverage of LUXR on the 12th of this month. If you want to catch up and read more about LuxeYard and the promising flash sale's space, go here: http://www.smallcapnetwork.com/LuxeYard-Inc/s/quote/p/s/LUXR/, there's a plethora of information that SCN Contributors and Members have posted up for your review, as well as a comprehensive PDF on the Company. On the 19th, just last week, the Company announced they have surpassed the 600,000 member threshold in less than three months since its public launch on January 24, 2012. That rapid growth of Members to the Company's flag ship site, www.luxeyard.com, has created quite the buzz in the investing community. If you've been around the Internet for as long as we have, you'll know it's not easy to amass that kind of participation to a site that quickly, so the Company appears to be on the fast track to a million members in short order. And, in the flash sales space, the valuations companies are getting are heavily geared toward the size of their member bases. Good for LuxeYard and good for its investors. In addition to last Thursday's announcement, the Company today introduced an enhanced version of its Concierge Buying technology. The first social sourcing platform of its kind, Concierge Buying monetizes social networking by allowing consumers to suggest and vote on what luxury fashion and home decor products LuxeYard will include in its private sale events. A demo of Concierge Buying can be viewed here, and anyone can participate by creating a free account at LuxeYard.com. Braden Richter, CEO of LuxeYard said, "This is a fundamental change in how people buy online, whereby the consumer is now armed with both the power to source and influence the price of the products they want. In addition to its ability to expand and activate our member base, we think our ability to generate e-commerce revenue from social networking could have enormous implications for the future of retailing." You can read the press release in its entirety here. As you can see, the Company is not messing around. The Company appears to understand and realize they must achieve critical mass quickly to become a dominant player in the space. If this kind of growth continues and the Company is able to monetize their rapidly growing member base, shares of LUXR could end up providing investors with a heck of a lot more than a 65% return. Remember; never let a win turn into a loss. Shares of LUXR have been volatile to say the least, so be prudent. If you're looking to get into LUXR now, I'd wait for a pullback as I'm typically not a fan of chasing stocks up the chart, especially when most SCN Members had every opportunity to jump in at $.80 cents only twelve days ago. Again, the value of the SmallCap Network is to provide our Members with ideas we believe can make you above average returns and bring them to you before anyone else... and LUXR has most definitely done that in a very short amount of time. Where else can we find ideas that can generate those kinds of returns other than in the small cap space? Most large cap investors usually have to wait months if not years to see returns like that so hat's off to those of you willing to take a little risk and spot opportunity when it knocks. See ya'll tomorrow...