This post was just published on ZYX Short Change Alert.
Consider shorting a 10% tranche right here around $15.20. The stock is volatile, your price may be different.
Live Nation reported that it has prevailed in its arbitration against Germany-based CTS Eventim AG, and that the arbitrator ruled that the company validly terminated its ticketing software license agreement with CTS in June 2010, and therefore has no liability to CTS. The arbitration proceeding, related to the former ticketing software license agreement between the two companies, had been pending with the International Court of Arbitration of the International Chamber of Commerce since its initiation by CTS in April 2010.
The news is not significant enough for the stock to run. The plan is to add another 10% tranche in the zone of $15.73 and $16.17 if the stock runs further. Target zone is $13.50 to $13.75. Due to volatility a hard stop is not recommended but a mental stop should be $16.63 to $17.31.
