I sold 100 yesterday at $58.90 I have a smaller lot on the block in a limit order over $60. LNN will continue to strengthen with the soybeans action. It's market cap make it a target at near $70. I continue Channel trading the stock re-purchasing 10 to 25 share larger lots than I sell on the slides. Giving the huge volatility in LNN I suspect there are probably some hedge funds involved here as well. Once they step aside many of these kinds of stocks tend to have big slumps.
So I am channel trading which is what another poster is describing as a version of day trading?
I have been adding to RRC on it's slide to ~$55 and below. Caught an intraday traunche in at $52.84 earlier this week. I like disposals at ~$66. Lots of risk with politicalizing of the fracking issues and the slide in gas which may not stop until we get below $1.50/MM~BTU.
I share your views on LNN. It has been a great trading stock and a potential buyout candidate. I read your posts on MS and appreciate your effort to help fellow retirees in this world of everlasting ZIRP. Sometimes they can be a bit snippy over there. I have followed some of your recommendations for yield. Thanks,
I havent been daytrading this stock but have been on a weekly basis--- maybe you call this daytrading?? Its been good for the past few months but I know that it will not last forever and at some point I will get burnt a bit. Another stock one might look at (for speculators only but do your own DD) is a small Bio Comp called ECYT. I got in at $4 and hoping it recovers on the hope that this Company has more in the coffin than just this one drug and that hoepfully it was just oversold?? worth checking out and prividing ones views. Good luck