WhereDaily News: LiveDeal, Inc.'s Announced Forward Stock Split Leaves Short Positions Nervous

NEW YORK, NY--(Marketwired - Jan 29, 2014) - LiveDeal (NASDAQ: LIVE) recently announced it will be initiating a 3-for-1 forward stock split in early February, but ahead of the split, investors with short positions will be looking to cover before their position also splits into one 3 times larger than currently held. Late in Tuesday's session, we may have seen the first shot at trying to create doubt in the minds of long investors at LiveDeal. Shares of the company's stock began to pull back after an article written by someone disclosing he does, in fact, have a short position in the stock, appeared on the financial website Seeking Alpha.

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