Possibly but they need to heal the wounded customer both past and future ones.
Is that the low who knows. But it felt like the hands and funds who wanted out were getting out on no real news today. The Florida suit is $5 million so it for now not a big deal but this had the feel of a bottom (without any new catastrophic news which is a big "if) for now.
I posted that last night but the question is how do they get the customer back? That will be an uphill battle that will take some time.
My 11 year old dog peed on my HD hardwood floors and I saw radiation emitting from the flooring. I bottled some and will now use it when I need a buzz.
They need to check the activity in the staffers and family member's accounts. I would be willing to bet they will find something. The Najarians nailed it.
"The US EPA is in the final stages of setting rules to limit formaldehyde emissions from hardwood plywood, medium-density fiberboard and particle board that are sold in the U.S. There are currently no national standards in place. The agency expects to issue final regulations before the end of 2015." If the Feds test LL's products what can they do if there is a problem? There must be states with guidelines but it appears there is nothing on the federal level as of this moment. Today's 12.6% drop "may" be an opportunity if the Feds really have no say in the matter. Of course the big question is what does LL do to get their loyalty back?
Read the Najarian's article here on Yahoo about the unusual put activity just prior to news of the LL investigation by Sen. Nelson hitting the wires. These politicians get away with this stuff all the time. They should be checking for any activity related to LL in the accounts of his staffers and family members. This is the ultimate example of insider information.
Absolutely I just covered my shorts a few days ago at $42.25 (was shorting from near $49). I figured it was getting close to a bottom even though I was looking for near $40 not greedy. What I don't understand is after the oil numbers today oil is up about $1.00 now. These traders are ignoring the fundamentals for now hoping that supply will get burned off. Soon there will be no place to store it then what? I think CLR will be near $50 by mid to late April.