MicroStockProfit

Foreign Markets

Overnight in Asia, equities advanced following the up day on Wall Street. Japan’s Nikkei 225 stock average added 152.32, or 1.7 %, to 8,907.58 while Hong Kong’s Hang Seng pared gains to close up 18.28 points, or 0.1 %, at 15,601.27. Stocks rose in Europe after earnings released by Citigroup, and General Electric, who both beat the street. In Europe, the FTSE 100 index of leading British shares was up 36.78 points, or 0.9 %, at 4,089.76 while Germany’s DAX rose 46.20 points, or 1 %, to 4,655.66. The CAC-40 in France was 42.68 points, or 1.4 %, at 3,080.86.

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Foreign Markets

Stocks fell in Europe as it was reported that the British economy contracted by a bigger than anticipated 1.6 % in the fourth quarter of 2008. the FTSE 100 index of leading British shares was down only 2.36 points, or 0.1 %, at 3,922.84 as financials propped the market up with a Financial Times report that the Financial Services Authority was about to say that Barclays does not need a capital injection from the British government. Germany’s DAX was down 28.41 points, or 0.7 %, at 4,230.96 while France’s CAC-40 was 22.31 points, or 0.8 %, lower at 2,869.76.

In Asia, the Nikkei 225 average dipped 9.36 points, or 0.1 %, to 8,626.97; however the index gained 8.6% for the week. Hong Kong’s Hang Seng index gained 10.52 points, or 0.1 %, to 14,119.50.

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“Direct navigation is the largest untapped market for paid search advertisers & agencies”

– Juniper Research

Just like a Malibu beach house or a Park Avenue condo, a solid and intuitive Internet domain name is prime real estate.

As evidenced by the recent $100 million bid on behalf of Answers.com to acquire Lexico - owner of dictionary.com, thesaurus.com and reference.com - and the $135 million investment that  American Capital Strategies and Austin Ventures put into CreditCards.com - online proprietors are very willing to pay top dollar for high quality domain name portfolios.

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Foreign Markets

Asian markets got routed as Samsung posted extremely weak results on the heels of Sony’s lackluster quarter. Japan’s Nikkei 225 dropped 3.8 % to 7,745.25, while Hong Kong’s Hang Seng Index lost 0.6 % to 12,578.60 and South Korea’s Kospi sank 2.1 % to 1,093.40. These major indices fell for a 3rd consecutive week.

In Europe, Britain’s economy fell 1.5% in the 4th quarter as it entered a recession. Britain’s benchmark FTSE 100 index fell 1.6 % to 3,987.04. Germany’s DAX lost 2.7 % at 4,105.73 and the French CAC 40 is retreating 2.4 % at 2,802.34 in afternoon trading.

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PocketFinder App a Hit, LBAS Shares Gaining Momentum

LBAS (one-month chart to right) shares are up more than 30% since our 12/23/08 newsletter coverage on the company.

We could see a move higher over the next few trading sessions as the street digests news that the company’s PocketFinder service is off to a great start.

The application has been downloaded more than 10,000 times by Apple (NASDAQ: AAPL) iPhone and Google (NASDAQ: GOOG) Android Smartphone users.

For those of you that are unfamiliar with LBAS, the company is an emerging developer of personal location devices. Read the rest of this entry »