New Login Details… and a New Raise

Before we get started today, I want to bring several important items to your attention.
As I’ve mentioned in previous alerts, Wall Street Daily has officially merged with Agora Financial.
Agora Financial is a publishing powerhouse, which means more resources for my staff to pursue ideas.
As part of the transition, we’re also changing the name of our publication to True Alpha to more accurately reflect our expanded focus on the entire small-cap universe.
I’m formally reminding you about the merger and name change today because you’ll notice several changes in your next alert…

  • All future emails will come from Agora Financial. So you’ll need to whitelist us again to ensure that you receive our alerts and updates without delay. Click here for instructions on how to do that.
  • The customer service phone number and email address will change. From this point forward, you can call 1-800-708-1020 or send an email to

Our web team has also finished transferring the Digital Fortunes archives over to the Agora Financial website. So from this point forward, you can access all of my research at
You can log in using the temporary username and password below.
The Digital Fortunes archives can be found in the True Alpha section under the “My Subscriptions” tab at the very top.
Click on the “Issues” tab for the full archive, along with all the future monthly issues.
Also, in the “Reports” tab, you’ll find some bonus research from Wall Street Daily Publisher Robert Williams.
Again, if you have any questions, feel free to contact Agora Financial’s customer service team at 1-800-708-1020, or drop them a line at
So with that business taken care of, let’s get to the actionable content…

The Mystery Buyer Is Revealed

Ever since I told you about ARI Network Services Inc. (ARIS) in our original recommendation almost a year ago, the stock has soared, rising to new 52-week highs in recent weeks on heavy volume.
On July 1, I noticed a pair of large block trades that crossed the tape for over two million shares.
At that time, the identity of the big buyer(s) remained a mystery. But not anymore.
A recent SEC filing reveals that 12 West Capital Management – a hedge fund with over $1.6 billion in assets under management – purchased 1,020,000 shares.
Clearly, other savvy investors have followed 12 West’s lead. Trading volume in ARI has remained well above the daily average in 12 out of the last 14 trading sessions.
Based on several internet monitoring posts I have set up, it’s clear that momentum traders are likewise noticing the stock, which should attract even more buyers in the days and weeks ahead.
The good news is that there’s no immediate risk of investors bidding up shares to a nosebleed – and therefore, unsustainable – level.
As I noted before, fair value for the stock is at least $7 per share. But in a takeover, ARI could fetch as much as $10 per share. So despite the recent rally, there’s still plenty of room for shares to run even higher.
After a conference call with the CEO and CFO yesterday morning, I’m more encouraged than ever about the company’s long-term growth prospects.
More specifically, a comprehensive reprogramming of the company’s critical software is set to roll out in September, which promises to improve leads for customers, increase conversion rates, reduce churn, and reduce costs.
Or, in short, it promises to boost sales, reduce costs, and therefore increase profits. And as we all know, share prices ultimately follow earnings.
As a result, I’m reiterating my “Buy” recommendation and raising our limit price to $5.25 from $4.75.
If you haven’t entered a position yet, don’t delay.
Ahead of the tape,
Louis Basenese
Chief Technology Analyst, Digital Fortunes

Louis Basenese

Recent Alerts

Censorship 2021 Style

Our main topic today: the “alternative” social media platform Parler. But really, it’s about the nature of “private enterprise” in the 21st century. Read More

Stupidity Hedge

“The year 1971 was the start of the first global ‘money printing,’” says personal finance guru Robert Kiyosaki… ushering in unsupportable prosperity. Read More

Biden: Picking Winners and Losers

On this Inauguration Day, we make a subtle distinction: It’s important to pay attention to politics… but you can’t let your political biases drive your investing decisions. Read More

Golden Touch

This billionaire social media architect — and critic — has become one of the most interesting people in all of finance. Read More

Passing the Baton

Biotech experienced a monster run-up coming out of the 2007–09 financial crisis. But for the last five years, the sector went nowhere. Now? biotech is getting a booster shot… Read More

“Variants” vs. Vaccines

As the virus mutates to survive, questions arise about the efficacy of the three main vaccines that have already been approved. Read More

China 2021

Is the great Chinese growth engine slowing down? The virus notwithstanding, by nearly every measure, George Gilder says China comes out ahead. Read More

The Road to Dow 50k

“I don’t believe the Federal Reserve alone explains record-breaking stock prices,” says our resident futurist Robert Williams. Read More

Business as Usual

Nomi Prins on Wall Street mainlining Fed money… while Main Street languishes. Read More

Biden’s Plan for Your 401(k)

With Democrats soon to control the White House, House and Senate… we turn our attention to the prospects for your 401(k). Read More