When a stock goes from 33 to 35 then back down to 32 and drifts back up to 33 all in the opening half hour, a red flag should appear in your eyes that something is seriously wrong with this stock. So many bad news items, shorts, nervous daytraders, option players, very small float gives you these kind of gyrations. The volume amounts over the last month or two have been so out of whack that I started questioning just how that many shares could be traded. After over two weeks of dealing with it, I figured take your 3K profit and find something else that makes sense - the aggravation just isn't worth it. For those of you who seem to be ever resilient, I wish you well.
What your beloved 60 Minutes failed to mention in their piece was that they used a deconstructive method of testing which is not supported by anyone outside of the environmental whackos (maybe you're one of them). They did admit that they had ONLY LL laminates tested and that's real damning. The real and complete truth will eventually be known but until then longs have to put up with misinformation and half truths.
Expect volatility until an actual test result is released.
How's he gonna find 6 million shares to short since this stock has been so heavily shorted already? There's only so many shares outstanding or in the float (about 26 million shares float).
I watched FBN Charles Gasparino. He said that Icahn and Tilson are friends who have enjoyed making money on the same stocks and that they both believe in charter schools. Gasparino also said that over the years of watching Icahn, he believes that Carl has a tendency to go long a lot more than short but nothing is certain. Icahn's team is definitely looking at LL right now and how it goes is anybody's guess as he may decide to not do anything regarding the stock.
Seems just as much important as Icahn news. A real game changer.
Every day it looks like there's a pinning down of the stock mostly towards the end of the sessions.Even when it got up to 33.30 the other day, it got trimmed back down. How much longer they can manipulate the price is the big question. The agency testing the planks said the results could take months - not exactly helpful for us wanting quick results.
Shorts continue to put pressure on stock even though it's more apparent than ever that the eventual outcome will favor the longs. Mystifying to say the least. Is everybody waiting for a big Wall Street fat cat to jump onboard before they commit funds?
Those 60 people will have to find some other firm to screw. Sullivan has staked his career and business on the line and I can't find any reason not to believe him regardless of how many TV types, environmentalists and shyster lawyers come at him. BTW, is it just a coincidence that all this started with "60" Minutes and you cite "60" lawsuits? Maybe you have "60" dreams of personal enrichment every night.
Hey dummy - you just changed your handle but we know who you are and what nonsense you're dispensing.
Last time I looked, it was 33.30 - so how's that short working out for you? And was it 5K shares or dollars? There IS a difference.
Once the profittakers and re-short artists are done, it just might push past 33. The long case has been made - now wait for more feverish buying.
biggest.fraud: Are you a paid lobbyist by the environmental whackos? Seems like it. Enlighten yourself. Read the news and begin to understand that the real scam has been 60 Minutes and folks like you.
At this precise moment in time you are making money, however, in the not so distant future you will be squealing and looking for the exits.
I've been saying that all along. The trading volume on LL for the last month proves way more shares being traded than mathematically possible. Maybe the SEC should investigate THAT too.