Invest in your Financial Future for FREE

Learn everything you need to know in '9 Secrets of Successful Wealth Management' for FREE from The Successful Investor.

Secrets of Successful Wealth Management: 9 steps to the life you've always wanted, before and after retirement.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: Wealth Management

A Stock to Sell: Start-up developing wearable camera needs to catch up with competitors

Investment Counsellor
Every Monday we feature “A Stock to Sell’ as our daily post. With every stock we recommend as a sell, we give you a full explanation of why we advise against investing in the stock at this time.

LifeLogger Technologies (symbol LOGG on the U.S. over-the-counter market; www.lifelogger.com) is a Florida company that aims to market its gum-packet-sized LifeLogger wearable camera.

The grey plastic device has a pair of buttons on the side: one for recording HD video and another for taking photos. It slots onto a black plastic band that runs around the back of the user’s head and keeps the device in place against the side of a person’s face.

There is already competition in this area, including from Google’s Glass device, but LifeLogger hopes to distinguish itself by adding a subscription-based cloud service that processes and stores all recorded content.


The conservative approach to aggressive investing

Big gains let you enjoy the benefits of your investments now. And subscribers to Stock Pickers Digest find out about rising stocks they can invest in with confidence. They get Pat McKeough’s conservative approach to aggressive investing, a search for hidden value that yields big gains without excessive risk.

One example of Pat’s approach—the 280% rise in Alimentation Couche-Tard since he made it his Aggressive Stock of the Year two years ago. And it keeps on reaching new highs. There are many more winners to see—and you can save $50.00 as a new subscriber to Stock Pickers Digest. Even before you receive your first issue, you’ll get updates and recommendations on stocks making moves you should know about in our weekly Email Hotline. Click here to begin your no-risk subscription right away.


Stock advice: LifeLogger plans application to let other wearable cameras connect with its cloud service

This service includes software that lets users pick out the important parts of each recorded segment. For example, by using the camera’s GPS, users can see where they were during each moment of the video and which way they were facing, allowing them to jump to a specific spot.

The company’s cloud-based software also aims to organize video through face, voice and text recognition. In addition, LifeLogger plans to develop an application that will let other wearable cameras communicate with its cloud service.

LifeLogger hopes to attract customers in a highly competitive market that’s constantly evolving. But it has no revenue so far, and will have trouble raising funds at its low share price (currently just above $0.45) to build and promote its camera and cloud storage.

The fact that the stock trades on the loosely regulated ‘over-the-counter’ market does not inspire confidence either.

We don’t recommend the shares of LifeLogger Technologies.

Coming up Next

Tomorrow we look at how Maple Leaf Foods is ready to profit from its big re-shuffle.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.