$LBAS Above $1 Again!
September 3rd, 2009 at 10:17 am Posted by The Dean
$LBAS is in the GREEN today, trading up as much as 15% and climbing to $1.05 several times. $LBAS is still up about 11% and holding pretty strong above $1.00.
The Dean thinks that others are excited about $LBAS‘ potential in the personal and commercial asset tracking industries. The Dean believes $LBAS could have even more gains because they are not limited to this market alone.
In fact, ABI Research released another promising report for the location based services industry. This could mean BIG things for $LBAS because their smartphone technology uses a standard processor for ALL mobile phones.
ABI’s report suggests that the location based services could see revenues greater than $2.6 billion this year. Building even more potential for $LBAS, this report also says that figure will grow 438% to $14 billion in less than 5 years.
The Dean thinks $LBAS could really have a leg up on competitors because their network is reliable and revenues could soar just on subscription fees for their PocketFinder application.
A release on Monday suggested that companies who only deal directly with stand-alone GPS devices will be shadowed by the smartphone industry and The Dean thinks that’s GREAT news for $LBAS!
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Bought in at .76 the other day and made a ton so far.
that’s pretty good Laura. lbas is at $1.03 now
The reson behind above of $1 is demand in the logistic industry. One can easily understand from the last years’s results which shows clear indication of growth in continues demand as well as in production.
I have little doubt on $LBAS though it is above $1 because their competitors are also aware about market position.Pocket finder’s popularity is booster for the $LBAS’s performance.As of now there is no competition for Pocket Finder.
I kept eye on $LBAS since so long but recent news about smartphone importance encouraged me to invest more into $LBAS.
As of now I am seeing $LBAS is good opportunity to get healthy returns.