WebMediaBrands (WEBM)

[goosemeister]

Inside Networks Sells for $14M to WebMediaBrands

WebMediaBrands has bought Inside Network, the research provider and blog network for social and mobile app developers, for $14 million.

Inside Network Founder Justin Smith, who started the company in 2006 (and is pictured at right), and Editor Eric Eldon called just now, saying the deal, which offered $7.5 million in cash and the rest in WebMediaBrands stock, “literally just closed in past hour.”

Palo Alto, Calif.-based Inside Network’s properties include the blogs Inside Facebook, Inside Social Games and Inside Mobile Apps; the Inside Social Apps conference; and the research products AppData, Inside Virtual Goods, and the Facebook Marketing Bible.

Inside Network’s full team, which has six full-time employees, will be joining WebMediaBrands. WebMediaBrands, formerly known as Jupitermedia, also owns Mediabistro.

http://networkeffect.allthingsd.com/20110511/inside-networks-sells-for-14m-to-webmediabrands/?reflink=ATD_yahoo_ticker

[goosemeister]

Well, shoot. I searched a bunch of cc's and didn't see any during market hours. I had my hopes up. Thanks for dashing them. LOL.

[aquaspin]

Actually, if I remember right, I believe that WEBM had a CC a day after the earnings were released (sometime last year) because I remember that I wanted to listen to the CC but they were going to have it the next day while I was still at work. Pretty sure it was when they announced Q1, 2010 results but it could have been for Q4, 2009.
It would still be nice if something was announced though. Meckler has still been quieter than normal on Twitter so he might be in the process of something. Who knows.
Hopefully earnings for the current quarter will be 3-4 million since there are more trade shows in Q2 and Q4 than in the other two quarters.

Got my fingers crossed for tomorrow :)

* edit *

Looks like it was last year at this time that they had the CC a day after earnings:

WebMediaBrands Inc. (Nasdaq: WEBM) today announced that its conference call reviewing 2010 1st quarter results is scheduled for Thursday, May 13, 2010 at 11:00 am ET. Results will be released on Wednesday, May 12, 2010 after market close.

[goosemeister]

I hope that the uncommon timing of tomorrow's conference call means that something positive will be announced. I'd be lying if I stated that I was pleased by the quarterly.

[aquaspin]

WEBM's current upward move has a lot of strength behind it IMO. I'm pretty sure we will close above 1.76 this week if not today. Meckler is a very smart guy with good timing. WEBM has a lot of good sites that are good buyout targets. It wouldn't surprise me at all if there is some kind of deal in the works right now that might be announced in the next month or two. Gotta love the chart too:

[goosemeister]

Nice day going into earnings. Someone dumped shares at 3 o'clock, but there were consistent buys into the close. Finishing at the high, WEBM still has not closed above 1.76. As stated, a close above 1.76 would be extremely bullish.

[aquaspin]

Seems kind of crazy that Microsoft is paying 8.5 billion for Skype. Would be sweet if Facebook would pay WEBM, lets say, $100 million for Allfacebook.com :)

[goosemeister]

1st quarter results will be posted after market close on Wednesday. The conference call won't be until noon on Thursday. I don't recall the conference call ever being at noon. Unless I'm mistaken, it's always been at 5 o'clock (after the numbers are released).

[aquaspin]

WEBM...I am very confident that we will break $2 and really soon at that...
NEGS chart...looks close to a breakout IMO:

[goosemeister]

First gap-up in about four months.

[aquaspin]

Chart looking better and better for that eventual $2 break IMO:

[Gliderider]

No manipulation going on here. It appears to me this is a cash machine for the 6 or 7 M/M trading between themselves. Run it up short it down.Someone is making money on these swings. I'm jealous.

[s402005]

Could be in case we get a higher volume....

Hope that we have a run up later.

S402005

[aquaspin]

Could WEBM break 2.00 today?? 1.84 & 1.80 pre market trades just went through. 1.78 x 1.80

[goosemeister]

Today was very solid. We saw an ascending triangle with a close right at the top. Very bullish.

It has been almost three years since WEBM closed above $1.76. There is a lot of blue sky above us if we close at higher price.

[aquaspin]

I think we are now ready for the 2.00 break IMO. Company has a bright future.

[Serfcorp]

Setting up for the 1.60 break here...

[pe-20-4-siaf]

Hmmmmmmm, interesting. Nice to see premarket at 1.52X1.56 with yesterdays close of 1.46.

[aquaspin]

A couple tweets from Alan tonight:

22:57 - Alan Meckler tweeted, "Page view and unique visitor growth at Mediabistro blogs is astounding. Down the road we will get the press as a great journalism giant."

22:52 - Alan Meckler tweeted, "TechCrunch reports Apple paid $4.5million for URL iCloud. We have the URL iWORLD. Could be worth quite a bit?"

[goosemeister]

Odd to see a smattering of after-hours trades all the way up to 8 o'clock.

[aquaspin]

Got this feeling that WEBM is going to break past 2.00 this time around. Meckler has still been quieter than normal on twitter so maybe something is going on behind the scene here but who knows. Chart looks good though, thats for sure.

[goosemeister]

I don't know how WEBM plays out, but today's 1-minute chart looks oddly familiar to the daily chart prior to today.

[goosemeister]

Meh. It looks like benzinga.com just found an opportunity to execute a tiny pump-n-dump by poorly connecting WEBM to Obama's Townhall Meeting on Facebook today at 4:45 ET.

What gets me, though, is that benzinga linked to All Facebook's "Application Statistics" page instead of its homepage.

[goosemeister]

I'll take it. Yesterday was like 12/16 and today was like 12/17. Then again, yesterday was like 11/16 and today was like 11/17. Ha!

[goosemeister]

Yeah, I'm not sure how to connect the dots either. The inclusion of the White House link to its daily schedule is beyond baffling.

The only thing that I can come up with - and I'm shooting blindly here - is the possible connection between the White House hyperlink and AllFacebook's Application Statistics hyperlink.

As many know, the DoJ has closed down Full Tilt, PokerStars, and Absolute Poker. Zynga, which is prominently listed on the Application Statistics page, is a huge social network game developer that could benefit if online poker becomes regulated, which I think is inevitable. Zynga produces the most-played poker iPhone app, supplies poker software for Facebook, and recently purchased MarketZero. MZ is a cutting edge poker software developer that has a data-mining service that is well known in the poker community.

Again, I'm likely searching for shapes in the clouds. Even if I'm on the right track, I don't see how this ties to WEBM or how WEBM would benefit. I bet that at some point in the future I'll look back at this post and chuckle at how far off I was.

[pe-20-4-siaf]

Really interesting find goose. Trying to connect some dots but nada yet. Thx.

[goosemeister]

I really don't know what to make of this:


At 11:39 was the first share buy (4.2k) of the quick move to $1.60, which was reached at 11:45. During this move that lasted 6 minutes, there was over 300k in volume.

The peculiar thing is what was posted on benzinga.com at 11:42, which is pasted below. The timing is odd and the inclusion of a White House link is even more odd.



Positive Rumors About WEBMEDIABRANDS Circulate (WEBM)

By Franklin Price
April 18, 2011 11:42 AM


Unconfirmed Positive rumors circulating at WEBMEDIABRANDS (NASDAQ: WEBM).

http://www.whitehouse.gov/schedule/complete

http://statistics.allfacebook.com/applications

This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price movements based on unofficial information may change quickly based on increased speculation, clarification, or release of official news.

Read more: http://www.benzinga.com/news/rumors/11/04/1012633/positive-rumors-about-webmediabrands-circulate-webm#ixzz1JubbtrBK

[goosemeister]

Let's hope today was another 12/16.

[aquaspin]

Always nice to see an up day with heavy volume. Could be a sign of things to come IMO.

[goosemeister]

Up 20% to up 3%. Such is WEBM. LOL.

[goosemeister]

I don't know what is going on, but I like it.

[pe-20-4-siaf]

Thanks for the attempt but I am just to retarded to figure it out I guess.

Anyway, kinda diggin the chart turnaround in the last couple of days. Above the 100day, and the 20 coming fast with the 50day in the cross hairs. Accum/Dist. trending up still and stochs screaming "buy me buy me". Sounds pumpish but oh well. We will see.

http://stockcharts.com/h-sc/ui?s=WEBM&p=D&yr=0&mn=3&dy=0&id=p90623726573

[pe-20-4-siaf]

[aquaspin]

Trying to stay above the 100 day MA...hope the support holds.

[pe-20-4-siaf]

There is also 50% fib retrace support right at the 100day. The fibs pulled from the .65ish lows to the 1.95ish highs. Hope they hold. Need a little help from mr. market and volume.

[goosemeister]

We had an ascending triangle with a flat top. WEBM has fallen through support, though, so it looks like there will be another test of the 100-day moving average (1.30). If the stocks falls through that, I'm afraid that we'll see 1.00 to 1.10 again.

[aquaspin]

Sorry for the late reply. Its been a busy week. to post a chart, you need to put "" after the link. You also need to get rid of the "www or http/" in the link too. Here is what it should look like before you post it, minus the space after [chart]

*edit* It won't let me post the example but let me know if you have any questions.

[pe-20-4-siaf]

How do you post an image and not a link?

[pe-20-4-siaf]

Tight range. Maybe a bullish pennant forming the last 5 or so trading days. Stuck between the 10 and 50. Bullish read tho.

http://stockcharts.com/h-sc/ui?s=WEBM&p=D&yr=0&mn=3&dy=0&id=p66407816425

[aquaspin]

We should be golden once WEBM breaks past the 50 MA resistance IMO:

[pe-20-4-siaf]

I know what ya mean although I did pick up some more shares today at 1.40. It was interesting, the ask being hit the last hour of trading as in days past. Looks strong other than volume.

[goosemeister]

I wouldn't be surprised if WEBM drops, but I still really like the chart and think we're primed for another move upward.

[aquaspin]

I get all of Meckler's tweets via text messages on my phone and have also noticed that he has been extremely quiet lately. I remember the last time he was quiet for a while in 2008 before the sale of the images division...maybe he has something big up his sleeve.

Hopefully WEBM will bounce above the 50 day MA and continue to trade above it.

[goosemeister]

The earthquake stifled the last pop I was expecting. I think we're positioned for another solid move upward. Let's hope that a second natural disaster (or general market correction) doesn't work against us.

Also, Meckler hasn't tweeted in three consecutive business days. It's rare when he doesn't tweet during any business day. Kind of odd.

[pe-20-4-siaf]

Yes, it is looking stronger. Just have to keep the mojo. Maybe Meckler can come up with some kind of pr about the future and his plans for the company. Just sayin. Growth the obvious but maybe just a bone to nudge us over 2.

[aquaspin]

WEBM 1.42 going here!

[aquaspin]

Nice to see a 1.30 break! Now lets shoot for $2+ :)

[traderamn]

Alan Meckler Tweet about Facebook announcement.

$WEBM RT @alanmeckler:Market closed so I can mention that we are announcing on Monday a state of the art stats service for Facebook marketers.

http://twitter.com/alanmeckler

[pe-20-4-siaf]

Hope your right! Tightening up nice and holding that 1.28 support. Mondays press could get us through the 20 and maybe a close above the 50? Hmmmm.

http://stockcharts.com/h-sc/ui?s=WEBM&p=D&b=5&g=0&id=p13742566702

[goosemeister]

I expect another rally next week.