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OTC Journal Members:
When I published my first edition on Luxeyard (LUXR) April 12th, the company in the middle of the movement that will revolutionize the retail buying experience online, I stated my initial price target was $1.00, and my long term price target was $3.
In follow on editions, I set $1.50 and then $2 as new primary and secondary price target as the stock was trading extrordinarily well.
Yesterday, towards the close of market, LUXR traded up through $2 very nicely on huge volume, and I took the opportunity to follow my own suggestion and complete the sales of all of my free trading shares. I am still a holder of restricted shares as I invested directly in the company through a private placement. Those shares represent my long term position now.
From $.80 to $2 is 150% on your money in one month. I wish they were all like that.
I don't know if the stock will run a lot higher, or if the stock will present another great entry level. I'm very happy with this profit on the trading shares.
If you read about LUXR, VRNG, LUVU, or PLPL- fear not. Next week I'll be introducing a giant new idea, and I believe you will absolutely love it. This company has a product that has taken Australia, New Zealand, and the Middle East by storm, and is coming to the good old USA to replicate its success in a market 30 times the size of the aformentioned.
Stand by........ This one could rival a few of the best ideas I've had in 14 years.
A reminder: Catch me live on TV every Monday from 12 to 2PM eastern.
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