Stock dropped on the statement from Lakewood Capital but I'm sure the market overreacted and it should actually be higher than where it is now. Extended hours will be a good indicator of where it's going so wait for the pullback before buying. The day after a drop is usually an even lower low so another day wait may be needed. thepatternsite.com
While everything else about this stock looks horrible, fundamentals, technicals, and news, if it starts to swing up, buy for the short rise and then short after it reverses because everything else looks bad. thepatternsite.com
This stock looks absolutely horrible from fundamentals, technicals, and news, with no signs of recovery. There may be a small bounce from this dead cat but it looks dead after that. The focus should be that bad earnings surprise, which looks really bad because I show a target price of $0.1474. If there is any pullback from a dead-cat bounce, it will be short...
This is a WEEKLY chart of Lumber Liquidators. Take a look back. Notice the stock was rising from about March of 2012 all the way to March of 2014. It has been falling ever since (see the red downtrend line). You don't have to know why it's falling by the way. You just have to realize that it has been falling for a year. If you think now is a good time to...